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Last mile of Singapore’s inflation fight may become trickier to negotiate
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Singapore’s currency-led monetary policy settings are designed to absorb a sizeable portion of import cost.
PHOTO: LIANHE ZAOBAO
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SINGAPORE - There is enough evidence in data to show that inflation is in retreat in Singapore and across the economies of most of its trading partners.
Yet we are drifting further away from the point where central banks worldwide can start to cut interest rates, after raising them to their highest level in decades to beat inflation.
