News analysis

Interest rates need to ease to help Singapore's economy

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With the economic costs of the coronavirus outbreak piling up, the central bank here will be facing increasing pressure to allow the Singapore dollar to depreciate.

But a weaker currency alone is unlikely to deliver the stimulus local businesses are looking for amid the deteriorating growth outlook.

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A version of this article appeared in the print edition of The Straits Times on February 26, 2020, with the headline Interest rates need to ease to help Singapore's economy. Subscribe