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After enjoying a two-year reign as the top-performing Asian currency, the Singapore dollar is poised to relinquish its stellar run this year, with indications pointing toward the nation’s central bank initiating a shift towards monetary easing as early as April.
The Monetary Authority of Singapore (MAS), renowned for employing the exchange rate as its primary policy instrument rather than interest rates, has historically allowed the local currency to appreciate against the currencies of major trading partners as a measure to mitigate inflationary pressures. However, this approach may undergo alteration in light of emerging signs of decelerating inflation.
