News analysis

Singapore's monetary policy decision in October will hinge on growth and employment risks

Analysts believe an excessively strong Singdollar will put the nation's export competitiveness at risk. ST PHOTO: LIM YAOHUI
New: Gift this subscriber-only story to your friends and family

SINGAPORE - High inflation may give Singapore's central bank no choice but to keep pushing up the currency against the country's trading partners, but just how aggressive it will be is the key question for markets.

The risks of going too hard are clear given that there are increasing signs of a global downturn and the possibility of two consecutive quarters of negative growth here, which would imply the economy is in a technical recession.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.