Quote:
Originally Posted by canola123
not sure about this but with the low GDP during 2nd quarter, will MAS appreciate the SGD to tackle the inflation? guess this is the only tool to curb the inflation right? or raise the interest rate? sorry not good in macro economics hope any bros can predict this.
my personal guess is 2.7 to 2.8 by end this year.
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Recent high exchange rate of the sing dollar may be due to 2 reasons :
1) Sing dollar itself appreciating due to high inflation
2) Weakening of the ringgit due to election coming.