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%