Bank of Singapore: 2018 recession unlikely even if yield curve inverts

8 January 2018 | 3 minutes read

In the event the yield curve inverts, Bank of Singapore believes an economic downturn is unlikely to follow despite historical precedent. According to the bank, an inverted yield curve is not its base case but it does believe that three to four hikes in 2018 are reasonable due to tightness in the US labour market. “There is not much room…

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