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28 Jan 2015
MAS cuts slope of monetary policy band
FXStreet (Bali) - Following the announcement by the MAS (Singapore central bank) to cut the slope of monetary policy band, which led to the USD/SGD to rocket higher, policy-makers decided no change to width and centre level.
Additional headlines
To continue with modest and gradual appreciation of policy band
Revises headline inflation forecast for 2015 to -0.5% to +0.5%
Core inflation forecast for 2015 is +0.5 to +1.5%
Additional headlines
To continue with modest and gradual appreciation of policy band
Revises headline inflation forecast for 2015 to -0.5% to +0.5%
Core inflation forecast for 2015 is +0.5 to +1.5%