Archive for April 14th, 2014

Central Bank Watch

Monetary Authority of Singapore’s Semi-Annual Policy Review

April 14, 2014

The last monetary policy change was a tightening in April 2012.  For the third semi-annual review in a row, MAS officials concluded that current settings remain appropriate.  Domestic interest rate policy is subordinated to an exchange rate target corridor, whose upward slope was steepened two years ago.  Today’s statement defends the current policy as follows, […] More

New Overnight Developments Abroad - Daily Update

Ukraine Crisis Keeps Equities on Offer

April 14, 2014

At Russia’s initiative, the U.N. Security Council debated the Ukraine crisis but made no progress toward fashioning a cool-down there.  Stocks began the week with losses of 1.3% in Australia, 0.6% in Taiwan and New Zealand, and 0.4% in Japan and India.  In Europe, equities are down 1.6% in Russia, 1.7% in Spain, 0.9% in […] More