David Simmonds
David Simmonds
adjustment existing policy technical
It is technical adjustment to existing policy, not another policy change.
band given level locking means recent singapore weaker
They (the MAS) have reset the mid-point of the band to today's level of the NEER and given we were in the weaker end of the band that means they are locking in some of the Singapore dollar's recent weakness.
additional bank china decision follow
The People's Bank of China will follow the decision with additional moves.