Friday 22 November 2019
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wn.com - 1 month ago

Singapore eases monetary policy slightly for 1st time in over 3 years

SINGAPORE, Oct. 14 (Xinhua) -- Monetary Authority of Singapore (MAS) announced on Monday that it would slightly reduce the rate of appreciation of the Singapore dollar s nominal effective exchange rate (S$NEER) policy band, leaving the width of the policy band and the level at which it is centred unchanged. This is the first time in over three years for Singapore s central bank to ease monetary policy, according to local media. The MAS said in its bi-annual monetary policy statement on Monday morning that the measured adjustment to...


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