The Monetary Authority of Singapore (MAS), the country’s central bank, is expected to unveil its half-yearly policy statement next week, possibly coinciding with the release of data showing how the economy performed in the third quarter.
The MAS sets monetary policy by allowing the Singapore dollar to rise or fall against an undisclosed basket of currencies. In its last policy statement in April, the MAS said it would allow a modest and gradual rise of its currency with a slightly steeper slope of appreciation to keep inflation in check.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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