The Business Times
SUBSCRIBERS

MAS catches market off-guard, sends Sing dollar soaring

Central bank says neither its growth nor inflation forecasts have changed since its off-cycle slope-reduction on Jan 28

    Published Tue, Apr 14, 2015 · 09:50 PM
    S$ rally

    Singapore

    THE Singapore dollar shot up on Tuesday, as the Monetary Authority of Singapore (MAS) caught the market off-guard for the second time in three months - this time by keeping the currency on the same "modest and gradual" appreciating path.

    Defying expectations of a policy adjustment at its half-yearly review, the central bank made no change to the S$NEER (Singapore dollar nominal effective exchange rate) band, maintaining its mid-point, slope, and width.

    Singapore economySingapore dollarMonetary Authority of Singapore

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More