As Singapore moves towards living with COVID-19, the Monetary Authority of Singapore (MAS) is expecting to see a sustained economic recovery. The upturn in fortunes, however, is expected to come with higher inflation. Inflation represents the rise in the prices of goods and services, thereby eroding the value of your purchasing power. As a simple example, the price of a cup of coffee may rise from S$1.00 to S$1.05 if the country experiences a 5% inflation rate. On Thursday, Singapore’s central bank moved to curb the impact of rising inflation by raising the slope of the Singapore dollar’s nominal effective exchange rate. In essence, the Singapore dollar is allowed to rise against a basket of foreign currencies, therefore strengthening the nation’s purchasing power. Core inflation in August rose to 1.1% year on year, a two-year high, and has remained positive for seven consecutive months. With inflation remaining persistent, how should you protect and grow the value of your money?...