27-01-2011, 10:15 PM
with regards to singapore's situation, our interest rate movements are largely tied to global interest rates (a major driver being those set by the Federal Reserve).
singapore allows for free capital movement. with us interest rates low and USD devaluing, singapore interest rates will remain low as well as speculators will be able to profit on currency appreciation from SGD.
singapore allows for free capital movement. with us interest rates low and USD devaluing, singapore interest rates will remain low as well as speculators will be able to profit on currency appreciation from SGD.