Singapore in surprise tightening


The Monetary Authority of Singapore (MAS) caught analysts off guard on Wednesday, announcing that it would recentre its exchange rate policy band at the current rate, meaning an upward revaluation of its currency of between 0.6% and 1%.

The Singapore dollar leapt 1.3% on the news, gaining the most it has in a year against the greenback. The central bank said also that it would "shift the policy band from that of a 0% appreciation to a modest and gradual appreciation."

The move, which in effect c

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: