Quote:
Originally Posted by nitecrawllerr
Recently ringgit badly hit can be due to strength of S$. Even strengthen against US$ couple of days. Rup was hit too. But wat goes up must cm down. MAS intervened cos of high inflation in Sillypore. It may loosen the monetary policy once inflation stabilise..
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Monetary policies to control inflation include:
1)
Raising the interest rate - Higher interest rate increases the cost of borrowing and discourage spending and thus will lead to lower inflation.
Increased interest rates also make it more attractive to save money and reduce the disposable income of those with mortgages.
2)
Appreciation of the exchange rate - so that imported goods into the country will be cheaoer and thus reduces inflation.
Let us do our part to control inflation by saving money
Share two good news for money savers:
1) Today 28/10/22, CIMB Bank Singapore raised its fix deposit interest rate to
3.85% per annum, the highest in singapore at the moment...
2) Singapore's 6-month treasury bill hits
4.19% yield, highest since Year 1988.
T-bills are short-term securities issued and backed by the Spore Government, with maturities of one year or less.
