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Article: Singapore tightens monetary policy for gradual appreciation of Singapore dollar
- Article from:
- Xinhua News Agency
- Article date:
- October 10, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Singapore tightens monetary policy for gradual appreciation of
Singapore dollar
SINGAPORE, Oct. 10 (Xinhua) -- Singapore's central bank said
Wednesday it will maintain the policy of "a modest and gradual
appreciation" of the Singapore dollar.
The slope of the Singapore dollar policy band will be
increasedslightly, but there will be no recentring of the policy
band, or any change in its width, the Monetary Authority of Singapore
(MAS)said in its biannual monetary policy statement.
The MAS pointed out that the Singapore economy has performed
better than expected thus far this year, with most industries
associated with the property, financial advisory and capital markets
contributing ...