News analysis

Interest rates need to ease to help Singapore's economy

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