Mon, 14 Oct 2013 17:12:07 GMT
Singapore will allow currency appreciation
The Central Bank of Singapore will continue its policy of gradual national currency's appreciation, as the economic growth in the country was more positive than many economists estimated. Currency appreciation, in turn, will ease inflation pace. GDP lost 1% during July-September from a quarter ago, when it surged 16.9%. Analysts forecasted the economy to decline 4%.