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MAS Monetary Policy Statement - October 2024
In the July 2024 Monetary Policy Statement, MAS maintained the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, with no change to the width of the band or the level at which it was centred. Since then, the S$NEER has been appreciating gradually in line with the policy band. chart 2. The global economy has remained broadly resilient. Growth has been steady in the US, sustained by domestic demand, but has been weaker in the Euro area. In China, exports were buoyant in the first half of 2024, but domestic spending continued to be subdued amid the housing market ... (full story)
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- Posted: Oct 13, 2024 10:34pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,863
