Monetary Authority of Singapore

Weak Market Tone to End Decent Week

April 12, 2013

Share prices in Europe and Asia had a difficult session.  Japan’s ten-year JGB yield climbed five basis points and is over 15 basis points above recent low.  The dollar is up 0.7% against the euro but down 0.6% against the yen in a reversal of recent movements. Euroland industrial production data were disappointing.  Investors now […] More

Singapore’s Semi-Annual Monetary Policy Review

October 12, 2012

The global economy is likely to experience an extended period of slow growth.  Against this backdrop, the Singapore economy should continue to expand but at a modest pace in 2012 and 2013.  The labor market should remain tight. The appreciating stance of exchange rate policy since April 2010 has provided some restraint on the build-up […] More

Chinese GDP Disappointment Quells Mini-Stock Market Rally

April 13, 2012

Pacific Rim equities extended the Wednesday-Thursday recovery in global share prices.  Stocks advanced 1.8% in Hong Kong, 1.6% in Taiwan, 1.5% in Pakistan, 1.3% in Thailand, 1.2% in Japan, and 1.0% in Australia and The Philippines.  In Seoul where there was some relief that North Korea’s rocket launch had failed, stocks gained 1.1%. Then came […] More

Singapore’s Semi-Annual Monetary Policy Review: An Ease after Three Straight Tightenings

October 14, 2011

The Monetary Authority of Singapore (MAS) targets the currency rather than domestic interest rates and reviews its stance twice a year in April and October.  In April 2010, MAS adopted a stronger range for its currency and shifted the S-dollar band from to one implying a flat trend to one allowing for modest and gradual […] More

Singapore Dollar Re-Centered Upward

April 14, 2011

After its semi-annual monetary policy review, the Monetary Authority of Singapore (MAS) has re-centered the SGD target range upward but not so much that the range mid-point is above the currency’s present level.  The width of the trading band and the angle of its upward slope will remain as such were.  Last Octoberl, the range’s […] More

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