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18-09-2012, 09:16 PM
MAS keeps the fluctuations of the usdsgd exchange rate within a band, of which they decide on the width, slope and the mean to execute their monetary policy.
different banks have different models to compute the NEER, but current level does seem to be at the lower band of the NEER, so it will be interesting to see what MAS does in October when they review the policies.
nonetheless, with the SGD one of the remaining 8 AAA rated soverign debts left, i think hot money inflow is inevitable in the long run
different banks have different models to compute the NEER, but current level does seem to be at the lower band of the NEER, so it will be interesting to see what MAS does in October when they review the policies.
nonetheless, with the SGD one of the remaining 8 AAA rated soverign debts left, i think hot money inflow is inevitable in the long run