Services

12 avr.: Hermès International : Mise à disposition du document de référenc..
13 avr.: UTI GROUP : ASSEMBLEE GENERALE MIXTE DU 22 MAI 2012
13/04/2012 02:26:00

Singapore Central Bank Unexpectedly Tightens Currency Policy 'Slightly'

SINGAPORE -(Dow Jones)- Singapore's central bank unexpectedly tightened its monetary policy stance by raising the slope of the local dollar's trading band "slightly," saying inflation remains persistent while economic growth has improved.

The move came as the government reported better-than-expected economic growth in the first quarter. The economy grew 9.9% on quarter in seasonally adjusted and annualized terms, higher than the 6.3% median forecast in a Dow Jones poll.

The Monetary Authority of Singapore also restored a narrower trading band for the local dollar while continuing with its policy of a modest and gradual appreciation of the Singapore dollar nominal effective exchange rate policy band. There will be no change to the level at which the band is centered, it added.

The central bank guides the local currency within an undisclosed, trade-weighted band, using the exchange rate rather than interest rates as its monetary-policy tool because foreign trade dwarfs domestic demand in Singapore's nearly US$260 billion economy.

Economists had expected the central bank to stand pat. All 15 analysts surveyed by Dow Jones Newswires ahead of the announcement said they expected the MAS to keep the Singapore dollar's nominal effective exchange rate against a basket of currencies on its current path of modest and gradual appreciation.

-By Gaurav Raghuvanshi, Dow Jones Newswires; +65 64154 154; gaurav.raghuvanshi@dowjones.com

(END) Dow Jones Newswires

April 12, 2012 20:26 ET (00:26 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

12 avr.: Hermès International : Mise à disposition du document de référenc..
13 avr.: UTI GROUP : ASSEMBLEE GENERALE MIXTE DU 22 MAI 2012

Envoyer un commentaire

Related debate

  • 1 semaine
  • 1 mois
  • 1 an
27 nov.
 
Hej alle sammen   Renten USA USA hæver renten d. 14. dec. med 0,25 %. Fed vil gerne have renten lidt..
59
02 déc.
ZEAL
For en gangs skyld og kun denne ene gang svarer jeg dig.   Jeg anser dine indlæg omkring Zealand græ..
37
28 nov.
ZEAL
Jeg kan altsaa umuligt tro at Goodwrench og Alpehue har succes paa at handle aktier.. Hvordan kan I ..
29
29 nov.
ZEAL
...når de investerer i mindre virksomheder og så vil ud hurtigt uanset at selskabet har fremgang og ..
21
27 nov.
BAVA
En måske lidt dramatisk overskrift, men jeg mener det for Bavarian Nordic, der kommer til at ske eks..
19
27 nov.
OMXC20
Sæt skatten 25% ned på de lavest lønnede. Disse folk vil bruge pengene med det samme, glade for at h..
18
02 déc.
ZEAL
Novo Nordisk og Zealand er nu med i den helt absolutte front i kombinations behandling af diabetes -..
17
29 nov.
 
Følgende artikel giver et godt indblik i at ledende danske politikere har større interesser i at mel..
16
30 nov.
FING-B
Jeg har tidligere været yderst kritisk indstillet til hvad Di.se med Richard Bråse har skrevet om FP..
15
13:44
ZEAL
I ugens løb kom det frem, at Svenska Handelsbanken havde sænket anbefalingen på Zealand og at Aktieu..
14

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine
1
MAUREL & PROM / PERTAMINA:COMMUNIQUE DE DEPOT D'UN PROJET D'OFFRE PUBLIQUE D'ACHAT
2
MAUREL & PROM / PERTAMINA : DEPOT D'UN PROJET DE NOTE EN REPONSE DE MAUREL & PROM DANS LE CADRE DU PROJET D'OFFRE PUBLIQUE D'ACHAT
3
Cnova N.V. : Convoque une Assemblée Générale Extraordinaire

Buy and sell signals

  • Tendance
  • Moneymachine
Acheter
Vendre
Acheter

Droit d'auteur Euroinvestor A/S 2016   Mentions légales et conditions d'utilisation
Information sur les cours fournies par Interactive Data.
Les données sont différées de 15 à 20 minutes selon les accords avec les différentes bourses internationales.
 
samedi 3 décembre 2016 20:40:06
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20161129.2 - EUROWEB6 - 2016-12-03 20:40:06 - 2016-12-03 20:40:06 - 4 - Website: OKAY