Central Bank Watch
Monetary Authority of Singapore Implements Surprise Tightening
April 14, 2012
In Singapore, interest rate policy is subordinated to exchange rate guidance, and the stance is reviewed only twice a year in April and October. The Singapore Dollar (SGD) trades in a prescribed band, whose width, center and slope are determined at these semi-annual meetings. The overall direction of policy points to modest, gradual appreciation, which […] More
Central Bank Watch
Bank of Korea Policy Still on Hold
April 14, 2012
The 3.25% seven-day repo rate was left unchanged after Friday’s meeting of the Monetary Policy Committee. This was the same decision as those reached at the nine previous meetings. From a trough of 2.0%, five increases of 25 basis points each were implemented in July 2010, November 2010, and January, March and June of 2011. […] More
Foreign Exchange Insights and Next Week
Next Week
April 14, 2012
Central bank interest rate policy meetings are scheduled next week in Canada, Sweden, Brazil, Turkey and the Philippines. Published minutes of meetings earlier this month are due from the Bank of England and Reserve Bank of Australia. New IMF macroeconomic forecasts and its World Economic Outlook arrive. There will be a gathering of G20 finance […] More
