MAS says increased S$ volatility not expected

The Monetary Authority of Singapore said it does not expect greater volatility in the Singapore dollar as a result of the revaluation of the yuan and ringgit.

At its annual report briefing on Friday, MAS said it was "comfortable" with its current policy stance of an appreciating Singapore dollar.

Heng Swee Keat, Managing Director, of the Monetary Authority of Singapore, said: "We do not see the changes in the renminbi or the ringgit to have a major impact on the Singapore dollar on our exchang