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
