Singapore to Strengthen Currency at April Review, Survey Shows
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Singapore will decide to strengthen its currency at its April policy review to curb inflation after the economy grew at a record pace in 2010, according to a Bloomberg News survey.
The Monetary Authority of Singapore will revalue the local dollar against its trade-weighted basket or let it appreciate faster, according to 11 of 13 economists polled by Bloomberg News. Five said a one-off revaluation was most likely, three forecast quicker gains and three were unsure of the method. Only two predicted no change to the central bank’s current policy of “modest and gradual appreciation.”