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14-04-2016, 10:24 AM
Indirectly MAS has "devalued" S$... 
MAS shifts to zero per cent appreciation of fx policy band
SINGAPORE – Singapore's central bank on Thursday (April 14) surprised markets by setting the rate of appreciation of the Singapore dollar policy band at zero per cent, and said the economy was projected to expand at a more moderate pace in 2016 than previously envisaged.
...
http://www.todayonline.com/singapore/sin...olicy-band
MAS shifts to zero per cent appreciation of fx policy band
SINGAPORE – Singapore's central bank on Thursday (April 14) surprised markets by setting the rate of appreciation of the Singapore dollar policy band at zero per cent, and said the economy was projected to expand at a more moderate pace in 2016 than previously envisaged.
...
http://www.todayonline.com/singapore/sin...olicy-band
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