US policies could create challenges for MAS – Amro report
Singaporean central bank confident risks from possible capital inflows can be managed with existing tools
The US administration’s fiscal and trade policies could pose challenges for Singapore’s exchange rate-based monetary policy, according to the Asean+3 Macroeconomic Research Office (Amro).
Amro’s annual Singapore country report, published on December 9, states that rising concerns over the US fiscal policies and its pivot to protectionism could reduce the US dollar’s dominance globally. This, the authors say, could encourage capital inflows to Singapore owing to the country’s AAA credit rating and
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