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11-04-2016, 02:20 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
A stronger currency counters inflation by making imports cheaper in Singdollar terms, while a weaker Singdollar - which corresponds to easing monetary policy - boosts growth by making exports cheaper abroad.
Still, economists say the weak labour market may tip the scales in favour of policy easing.
Mr Kit pointed to the "virtual stagnation of local job creation" last year, and a recent spike in redundancies.
"Rising under-employment may be another sign of softening labour demand... More workers could be put on shorter work weeks or on temporary layoff, with companies using permanent redundancies only as a last resort," he added.
http://www.straitstimes.com/business...lar-economists (http://www.straitstimes.com/business/economy/mas-not-likely-to-slow-appreciation-of-singdollar-economists)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?228022-MAS-not-likely-to-slow-appreciation-of-Singdollar-Economists&goto=newpost).
A stronger currency counters inflation by making imports cheaper in Singdollar terms, while a weaker Singdollar - which corresponds to easing monetary policy - boosts growth by making exports cheaper abroad.
Still, economists say the weak labour market may tip the scales in favour of policy easing.
Mr Kit pointed to the "virtual stagnation of local job creation" last year, and a recent spike in redundancies.
"Rising under-employment may be another sign of softening labour demand... More workers could be put on shorter work weeks or on temporary layoff, with companies using permanent redundancies only as a last resort," he added.
http://www.straitstimes.com/business...lar-economists (http://www.straitstimes.com/business/economy/mas-not-likely-to-slow-appreciation-of-singdollar-economists)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?228022-MAS-not-likely-to-slow-appreciation-of-Singdollar-Economists&goto=newpost).