Central Bank Watch
Singapore Monetary Policy Eased After Weaker-Than-Expected GDP Data
April 14, 2025
The Monetary Authority of Singapore flattened the slope of the SGD’s target rate following news that GDP in that economy had contracted by 0.8% between 4Q 2024 and last quarter. That bigger-than-expected decline was the first negative GDP movement since a 0.5% drop in 1Q 2022 and lowered year-on-year economic growth to 3.8% from 5.0% […] More
New Overnight Developments Abroad - Daily Update
Temporary Reciprocal Tariff Pause on Tech Lifts Equities But Dollar Continues to Weaken
April 14, 2025
(196) The dollar fell overnight by 0.9% against sterling, 0.8% versus the Mexican peso and New Zealand’s currency, 0.6% relative to the Aussie dollar, 0.2% vis-a-vis the loonie, and 0.3% against the Japanese yen and euro. Intra-day lows of 1.1424 per euro and JPN 142.2 constituted the dollar’s lowest value in 39 and 6 months, […] More
