Archive for October 14th, 2013

Central Bank Watch

Unchanged Singaporean Monetary/Exchange Rate Policy

October 14, 2013

Singapore subordinates domestic interest rate policy to an exchange rate target corridor, which is reviewed each April and October.  The latest semi-annual review concluded with no change to the slope or width of the policy band for the Singapore dollar’s nominal effective policy band (S$NEER).  The level at which the band is centered was likewise […] More

New Overnight Developments Abroad - Daily Update

U.S. Debt Deal Still Eluding

October 14, 2013

Three markets are on holiday today, dampening activity. U.S.: Columbus Day (partial closure). Japan: Health Sports Day Canada: Thanksgiving A deal to extend the $16.7 trillion U.S. debt ceiling and avert a default was not finalized over the weekend despite promising signs on Thursday-Friday.  The government partial shutdown has begun a third week.  Debt ceiling […] More