Rising interest rates worrying for Singapore economy: economists
Amid slowing economy, space for monetary policy response is limited due to high levels of indebtness, they say
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Singapore
THE expected rise in interest rates will further weaken Singapore's already slowing economy, said economists at a high level discussion last week.
But manoeuvring space for further monetary policy response in order to stoke inflation and growth remains tight, as Singapore remains highly indebted, they added.
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