tighter monetary policy in Singapore
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
