PETALING JAYA: The Monetary Authority of Singapore's (MAS) move to curb the Singapore dollar's gains will have negative consequences on the ringgit due to the close trade links between Singapore and Malaysia.
Singaporean policymakers said they would reduce the pace at which the currency strengthens and continue with a modest and gradual appreciation as signs showed the economy would expand more slowly next year, with growth below the potential rate of 3% to 5%.
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