14-10-2013, 02:12 PM
The S$ will remain strong...
No change to monetary policy: MAS
SINGAPORE — The Monetary Authority of Singapore (MAS) this morning announced it will maintain its policy of a modest and gradual appreciation of the S$NEER (Singapore Dollar Nominal Effective Exchange Rate) policy band.
The MAS said in a statement this morning that with the Singapore economy projected to “grow modestly for the rest of the year and into 2014 as the external environment continues to improve” — notwithstanding intermittent turbulence in financial markets — “there will be no change to the slope of the policy band, and the level at which it is centred”.
The central bank added: “The present width of the band is sufficient to accommodate temporary fluctuations in the S$NEER, and will be kept unchanged. This policy stance is assessed to be appropriate, taking into account the balance of risks between external demand uncertainties and rising domestic inflationary pressures.”
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http://www.todayonline.com/business/no-c...policy-mas
No change to monetary policy: MAS
SINGAPORE — The Monetary Authority of Singapore (MAS) this morning announced it will maintain its policy of a modest and gradual appreciation of the S$NEER (Singapore Dollar Nominal Effective Exchange Rate) policy band.
The MAS said in a statement this morning that with the Singapore economy projected to “grow modestly for the rest of the year and into 2014 as the external environment continues to improve” — notwithstanding intermittent turbulence in financial markets — “there will be no change to the slope of the policy band, and the level at which it is centred”.
The central bank added: “The present width of the band is sufficient to accommodate temporary fluctuations in the S$NEER, and will be kept unchanged. This policy stance is assessed to be appropriate, taking into account the balance of risks between external demand uncertainties and rising domestic inflationary pressures.”
...
http://www.todayonline.com/business/no-c...policy-mas