Commentary: Will higher interest rates dim Singapore's prospects for post-pandemic recovery? - CNA

Singapore has enjoyed lower interest rates since the start of the pandemic, but recent US interest rate hikes and inflation may mean that households and businesses are facing a double whammy, says economist Bernard Aw.

A common trilemma in international monetary policy is this: monetary autonomy, exchange rate management and free capital mobility. Choose two, as its impossible to enjoy all three. Singapores approac… [+1348 chars]

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