The Afternoon Update with Lynlee Foo (1pm – 4pm)Money in the Market: Will the further policy tightening by MAS likely to weaken the US dollar’s strength against the Singapore dollar?
Singapore's economy grew slower than expected in the second quarter this year, according to flash estimates. And in a surprise move, the Monetary Authority of Singapore has further tightened its Singdollar policy stance. It’s now making room for a stronger Singapore dollar to douse the impact of rising global prices. On Money in the Market, Hongbin Jeong speaks to Song Seng Wun, Economist at CIMB Private Banking to discuss Singapore's GDP Quarter 2 estimates and the surprise move by the MAS.
