Sign up | Log in



Home  >>  Daily News  >>   Singapore News   >>  Capital Markets   >>  Singapore central bank keeps ‘zero-appreciation’ policy

12 October 2009

Singapore central bank keeps ‘zero-appreciation’ policy

Related Stories

September 18, 2009
Singapore’s Temasek posts 30% decline in portfolio value

September 6, 2009
Singapore banks to help limit credit cardholders' liability

September 5, 2009
Singapore: Delisting firms should make reasonable exit offer

August 31, 2009
Singapore’s GIC adds chiefs for Europe, Americas

August 13, 2009
Singapore bourse to launch Asia's first dark pool

August 8, 2009
Singapore bank posts 15% drop in profit

The Monetary Authority of Singapore (MAS) said on Monday it will maintain its current policy of zero appreciation of the Singapore dollar, reported the city-state’s TV broadcaster and news website Channel News Asia.

It said it will continue to be vigilant over developments in the external environment, including the medium-term risk of stronger global inflationary pressures.

Looking ahead, the central bank said the Singapore economy is not expected to sustain the strong pace of expansion seen in second and third quarter of this year.

While prospects for the external economies have improved, final demand in Singapore's key export markets, including IT products, has yet to recover decisively.

Significant challenges remain in the transition to private sector-driven growth as governments prepare to exit from their expansionary policies.

Household spending, particularly in the US, continues to be constrained by weak labour market, sluggish income growth and lower housing wealth. Businesses also remain cautious in their investment decisions.

Against this backdrop, the Singapore economy is likely to settle at a more gradual pace of expansion.

MAS said gross domestic product (GDP) growth in 2010 is expected to be slower than in previous post-recession periods. Consumer price index (CPI) inflation is likely to be around 0 per cent in 2009, before rising to 1 to 2 per cent in 2010.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand