Singapore Avoids Stimulus as Minister Acts to Curb Bubble Risk

Singapore Avoids Stimulus as Minister Acts to Curb Bubble Risk

Sam Kang Li/Bloomberg

A man selects vegetables at a market in Singapore. Singapore’s currency has depreciated 1.2 percent against the U.S. dollar this year, after reaching an all-time high on July 27, 2011, and climbing 6.1 percent in 2012.