• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Singapore MAS surrenders to deflation, currency crash against US$

virus

Alfrescian
Loyal
Markets
Singapore’s Central Bank Eases Currency Policy
Singapore Dollar Will be Allowed to Appreciate at a More Gradual Pace
By
P.R. Venkat
Jan. 27, 2015 8:17 p.m. ET
3 COMMENTS

Singapore’s central bank Wednesday announced a surprise easing of its currency policy, as falling global oil prices have subdued inflationary expectations.

In an announcement before its scheduled policy meeting in April, the Monetary Authority of Singapore said it would slow the Singapore dollar’s appreciation against a basket of currencies. (Update: Singapore Pulls Trigger in Deflation Fight)

The central bank uses its currency as its policy tool to dampen inflationary expectations and support growth as the country’s trade flows dwarf its domestic activity. To do this, the Singapore dollar operates under a managed float currency regime based on a basket of currencies of the city-state’s major trade partners, and is allowed to trade within an undisclosed band.

The MAS said that it will reduce the slope of the Singapore dollar’s trading band, while keeping the width and the level of the center of the band unchanged.

“Since the last monetary policy statement in October, developments in the global and domestic inflation environment have led to a significant shift in Singapore’s CPI (consumer price index) inflation outlook for 2015. As part of its ongoing economic surveillance, MAS has assessed that it is appropriate to adjust the prevailing monetary policy stance,” the central bank said.

The central bank now expects inflation of between -0.5% to 0.5% this year, compared with its earlier estimate of 0.5-1.5% announced in October. The economy is expected to grow at a moderate pace of 2%-4% in 2015.

The Singapore dollar collapsed 1.4% to a new 4.5-year low of S$1.3570 versus the U.S. dollar in the wake of the announcement.
http://www.wsj.com/articles/singapore-central-bank-eases-currency-policy-1422407842

swiss central bank surrender

https://jhaines6.wordpress.com/2015/01/16/the-daily-bell-deflation-the-swiss-surrender-analysis-j/
 

virus

Alfrescian
Loyal
Yup it can't hold water against us$ which is toilet paper from printing press, n wants to insulate housing prices against imminent falls becos of Erection year. Good riddance.
 
Top