Deflation, not recession, is the central bank’s greatest enemy: UOB

[dancingshoes]

“The risk of facing a technical recession is not a sufficient condition for the MAS to adopt a dovish policy mentality. What will push the central bank to dovish actions could really be the on-going risks of disinflation/deflation amongst our largest importing partners and the degree of the depreciation of their currencies with respect to the SGD,” UOB said.

https://sg.finance.yahoo.com/news/deflation-not-recession-central-bank-084200468.html

 

[mojito]

No problem. When prices fall, increase tariffs. This way domestic prices will be stable. If it were up to the WP, cham loh! Tharman surely knows what to do. Heng Swee Kiat is probably just as good too.

 

[dancingshoes]

if they intervene to lower the SGD, things will be more costly.

 

[frenchbriefs]

No problem. When prices fall, increase tariffs. This way domestic prices will be stable. If it were up to the WP, cham loh! Tharman surely knows what to do. Heng Swee Kiat is probably just as good too.

im moving out of this retarded country,just looking at the things u can eat and buy in thailand on youtube makes me weep.the things they can do in thailand for less than 150 baht(7 USD) the most amazing buffets all you can eat,mcdonalds everything on the menu for less than a buck fifty,family feasts at kfc for less than 5 bucks,all kinds of snacks and drinks and hot food in seven eleven for 80 cents,5 course dinners for 100 baht,cans of beer for less than 2USD.

in SG,for five dollars they ask you u want to have a meal at hawker center,food court or restaurant?for five bucks they give u a plate a crap and tell u to be grateful for it.its a fucking insult to even pay for anything in this retarded country.a 3rd world country can eat better than citizens in first world country.

 

[MovieStar]

How about Malaysian. Myr depreciate so much.
Think they can eat grass.

 

[frenchbriefs]

the houses in thailand my god,semi detached and two storey houses for less than 80k USD with beautiful living room,garages,marble and tiles.why are first world sinkies living in crummy pigeonholes?thai people live in paradise,thais live in houses of dignity,how many sinkies live in houses where theres stairs going up to the second floor,high ceilings,huge balconies and nice wooden floors and homey feelings?not these prefab concrete cubicles???

 

[halsey02]

Why you worry, you voted for the best , so take a rest & enjoy...... https://www.youtube.com/watch?v=CTMMRrxx-Ug