Archive for October 14th, 2014

Central Bank Watch

Monetary Authority of Singapore’s Semi-Annual Policy Review

October 14, 2014

The operating target of monetary policy is an exchange rate corridor, and interest rates are kept at whatever level will meet the S-dollar’s target. Like the previous four semi-annual reviews, the mid-point, slope, and width of the exchange rate target band were left unchanged.  The target allows for a “modest and gradual” appreciation of the […] More

New Overnight Developments Abroad - Daily Update

Another Volatile Trading Session

October 14, 2014

The dollar is stronger except against the yuan and yen.  Especially large advances of 1.0% and over 1.5% have occurred against sterling and the Swedish krona following reports of that British CPI inflation fell 0.3 percentage points (ppts) to a 5-year low of 1.2% and Swedish consumer prices, also in the year to September, had […] More