14-04-2014, 11:17 AM
S$ remains strong in the foreseeable future...
MAS to allow modest, gradual appreciation of Singapore dollar
SINGAPORE — The Monetary Authority of Singapore (MAS) said today (April 14) it will maintain its policy of allowing a modest and gradual appreciation of the Singapore dollar as the economy remains healthy while inflation could rise in coming months.
“Notwithstanding the weak growth outturn in Q1, the level of economic activity should stay on a broad upward trajectory for the rest of the year,” the MAS said in its half-yearly monetary policy statement.
It added that inflation is expected to pick up in the coming months after easing recently.
The MAS manages monetary policy by letting the local dollar appreciate or depreciate against a trade-weighted basket of currencies of Singapore’s major trading partners and competitors.
...
http://www.todayonline.com/business/mas-...ore-dollar
MAS to allow modest, gradual appreciation of Singapore dollar
SINGAPORE — The Monetary Authority of Singapore (MAS) said today (April 14) it will maintain its policy of allowing a modest and gradual appreciation of the Singapore dollar as the economy remains healthy while inflation could rise in coming months.
“Notwithstanding the weak growth outturn in Q1, the level of economic activity should stay on a broad upward trajectory for the rest of the year,” the MAS said in its half-yearly monetary policy statement.
It added that inflation is expected to pick up in the coming months after easing recently.
The MAS manages monetary policy by letting the local dollar appreciate or depreciate against a trade-weighted basket of currencies of Singapore’s major trading partners and competitors.
...
http://www.todayonline.com/business/mas-...ore-dollar