Singapore Central Bank Gives Itself Room To Tighten In 2018

Economists at Goldman Sachs Group Inc. see the fiscal expansion as having a “more muted” impact on growth for 2018 than the numbers suggest, in part because a S$5 billion ($3.8 billion) increase in rail infrastructure funding will probably be spread out over multiple years, according to a research note Thursday. They are sticking to their forecast that the MAS will tighten in October as demand remains strong and inflationary pressures rise.

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Singapore's Central Bank Gets Tightening Trigger From Budget
Singapore Central Bank Gives Itself Room to Tighten in 2018
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