finance minister has been claiming to appreciate S$ to curb inflation,but only to certain extent. if things are getting worse in the coming quarters, i think the govenment may try other metheds: 1. subsidies: doing now in a way of govenment bonus; 2. artificial interventions like price controls, will not likely to happen; 3. rates adjustment: may happen if things gets worse, but the impairment with Fed rates may create more long term troubles. 4. do nothing: since the recession fear is growing, just let market adjust itself. but this is slow and perhaps dangerous. summary: whatever we do, curbing inflation comes with some other tradeoffs. most of them are trading long term interest for short term relief. 现在我觉得政府是“以不变应万变”+ moderate intervention! personal view that inflation will still go on! this is simply the nature of economy.