Singdollar expected to appreciate as MAS keeps policy unchanged
The Monetary Authority of Singapore has kept its monetary policy unchanged. This means that it will not slow the pace of appreciation of the Singdollar as widely expected.
One reason is that the the labour market remains tight. There may be also be upward pressure on inflation coming from higher food and services costs.
The Singapore dollar strengthened to $1.2221 to the US dollar this morning.