The Monetary Authority of Singapore announced a surprise easing
- An unexpected policy easing via its Singapore dollar trade weighted exchange rate
- The announcement was made outside of its usual twice-yearly policy review
- Said while it would continue to allow the Singapore dollar to rise on a modest and gradual appreciation path, it would lower the slope at which it guides the currency
The full statement is linked to at my initial post, here
(but … what the heck, here it is again)
