Monetary Authority of Singapore tightens policy as expected by slightly raising the rate of appreciation of the SGD NEER policy band, while it made no change to the width and level the band is centred
The Monetary Authority of Singapore (MAS) has decided to tighten policy by slightly raising the rate of appreciation of the SGD NEER, aligning with market expectations.
US aircraft carrier USS George H.W. Bush is sailing off the coast of Africa and is heading to the Middle East to join Operation Epic Fury, according to two US officials cited by WSJ
[MARKET UPDATE] Asia-Pac stocks are higher following the rebound on Wall St, amid optimism regarding US-Iran peace talks which are said to remain ongoing and with the sides reportedly discussing another round of face-to-face discussions
Monetary Authority of Singapore tightens policy as expected by slightly raising the rate of appreciation of the SGD NEER policy band, while it made no change to the width and level the band is centred
US and Iran discussing another round of face-to-face talks to secure longer-term ceasefire after Islamabad negotiations ended without a deal, while officials aim to meet again before two-week ceasefire expires next week, according to Clash report
Japanese Finance Minister Katayama says to discuss financial markets and energy conditions with counterparts at meetings and ready to roll out measures to support Asian nations
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Says:
- In an appropriate position to respond effectively to any risk in medium-term price stability.
- Stands ready to curb excessive volatility in SGD NEER.
- MAS Core inflation will pick up and remain elevated over next few quarters.
- GDP growth will slow over the course of the year.
This move indicates the MAS's proactive stance on inflation, while the acknowledgment of anticipated slower GDP growth suggests potential headwinds for economic momentum. Traders should watch for implications on SGD volatility and potential impacts on USD/SGD as well as other currencies.
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