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MAS surprise on S$ also reflects low pricing power of local companies
Published Thu, Jan 29, 2015 · 09:50 PM
THERE'S no questioning the wisdom of the Singapore central bank's move on Wednesday to ease monetary policy and let the Singapore dollar climb at a slower pace against its trading partners' currencies.
It came as a surprise. The Monetary Authority of Singapore (MAS) typically makes policy changes only twice a year at scheduled reviews in April and October. B…
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