Singapore’s Monetary Authority kept its ExchangeDefinition An exchange is an organised marketplace where buyers and sellers can trade financial assets according to a common set of rules. Examples of assets traded on exc...Read More-rate policy settings unchanged on 14 October, Reuters reported. The rate of AppreciationAppreciation is an increase in the value of one currency compared with another currency. When a currency appreciates, it becomes stronger relative to the currency it is being...Read More, width and centre of the Singapore dollar nominal effective exchange-rate band were all maintained. All ten economists in the Reuters poll had expected tightening. The decision retains an appreciating policy band; it is not an interest-rate cut or a switch to a depreciating CurrencyDefinition A currency is a form of money used to pay for goods and services, measure value, and transfer purchasing power between people and businesses. Examples include t...Read More policy.
Singapore’s Central bankThe institution that sets monetary policy for a country or currency area, including interest-rate decisions that can move currencies.Read More kept its exchange-rate policy settings unchanged on 14 October, surprising analysts who had expected further tightening. The Monetary Authority of Singapore maintained the Singapore dollar’s current rate of appreciation, citing expectations that inflationary pressures will ease from mid-2027. The decision came as the economy grew 5.4% year-on-year in the third quarter.
