Singapore poised to tighten monetary policy amid strong growth and rising inflation risks

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u/RoundDonn 1 3 days ago

As expected from the orange buffoon’s war.
u/Rationalandcentred OP 1 3 days ago

The current energy issues have got more to do with Saudi Arabia’s oil infrastructure being targeted by Houthis https://www.asiaone.com/singapore/singapo… Houthis escalated their campaign of strikes against Saudi Arabia over this week. On Thursday, they tried to shut down the kingdom's airspace and oil facilities with missile fire that killed three people and left a plane badly damaged. The group said it had struck Riyadh airport and warned workers to stay away from energy plants, which would be targeted.
u/That-Card 1 3 days ago

Which made that move because the United States of America is forcing Iran to pull the leverage that they hold. What caused them to attack first is where it gets interesting, as it will show which source do each of us follows and trust.
u/princemousey1 1 3 days ago

Tighten means go up or go down? So USD now $1.29, tighten means become $1.27 or $1.31?
u/RoundDonn 1 3 days ago

Tighten monetary policy means SGD appreciate. Rising inflation and strong growth means you need a stronger SGD to prevent an economic bubble. It means that your SGD and your imports can huat more. But those who export from SG or don’t have jobs will continue to be shafted as always