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
28 sept.
PNDORA
Goodwrench!!! Jeg er glad for, at du tjener mange penge. Jeg er glad for, at du følger en strategi, ..
58
27 sept.
OMXC20CAP
Så mangler vi bare, at du sletter din profil !   :D   Gobe
57
28 sept.
PNDORA
  Jeg har flere gange, senest den 4. juli 2016, analyseret og forklaret Pandoras forretningsmodel og..
26
28 sept.
NOVO-B
  Jeg har tidligere (blandt andet 8/8 2016) analyseret Novo og offentliggjort min beregning af, hvad..
24
23 sept.
NETS-TEMP
Det her er en klassisk case, hvor kapitalfondene på for kort tid, har fået lov til at realisere en s..
17
25 sept.
 
Professor Jesper Rangvid fra CBS kom fredag med en stor kritik af private danske aktionærer. Han har..
14
26 sept.
SDRLO
Jeg vil gerne påtage mig selv status som euroinvestors officielle lortemand. Jeg advarer mod lorteak..
13
26 sept.
FING-B
Please, lad nu idioten være...   Det er jo kun fordi vi bliver ved med at fodre disse total idioter ..
13
26 sept.
OMXC20CAP
Er der ikke en admin eller sådan noget der kan slette baronen? Magen til evnesvag person der er yder..
13
28 sept.
VELO
Der er god chance for at de kommer med en udmelding omkring partnerskaber for områder de ikke dækker..
11

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine
1
Le transport scolaire est-il prêt à faire sa révolution digitale ?
2
Foncière Atland : RESULTATS SEMESTRIELS 2016
3
Hubwoo : Information Financière 1er semestre 2016
4
ALLIANCE DEVELOPPEMENT CAPITAL (ADC SIIC) : Communiqué de mise à disposition du rapport financier semestriel au 30 juin 2016
5
Poursuite de l'essai EffiKIR sans modification après la septième évaluation du comité de revue des données et de la tolérance

Buy and sell signals

  • Tendance
  • Moneymachine
Acheter
Acheter
Acheter
Acheter
Vendre
Vendre

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.
 
vendredi 30 septembre 2016 06:51:53
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160921.1 - EUROWEB6 - 2016-09-30 06:51:53 - 2016-09-30 06:51:53 - 4 - Website: OKAY