14 Oct '15, 3am

#singapore #property Singapore dollar appreciation eased further: The Monetary Authorit...

Comment E-mail to friend Bookmark & Share The Monetary Authority of Singapore (MAS) on Wednesday (14 October) announced that it reduce the pace of the Singapore dollar appreciation for the second time this year, in an effort to revive dwindling economic growth that narrowly avoided a technical recession. The central bank, which manages the economy through guiding the currency instead of setting interest rates, said “it will continue with the policy of a modest and gradual appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band,” but will slightly reduce the rate of its appreciation. “There will be no change to its slope, width and the level at which it [S$NEER] was centred,” it said. MAS guides the local currency against an undisclosed basket and adjusts its appreciation or depreciation pace by changing the slope, width and center of a ban...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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