A surprise move by Singapore to ease monetary policy sent the city’s currency tumbling to its lowest level in over four years, the latest action by central banks around the world struggling to cope with a surging U.S. dollar and the threat of deflation.

Topics:  singapore   u.s    monetary   
BING NEWS:
  • Fed Reluctance to Cut Rates Makes Easing Harder for Emerging Markets
    Central banks in Brazil and Mexico that led the global fight against inflation could now be stuck with steep interest rates due, in part, to the U.S. Federal Reserve’s reluctance to cut.
    05/6/2024 - 5:27 am | View Link
  • The Fed will spark an economic crash by delaying rate cuts, State Street equity research chief says
    "We increasingly begin to hear about things breaking down," State Street's Marija Veitmane said.
    05/6/2024 - 3:10 am | View Link
  • Fed's Bowman supports current policy stance but still sees inflation risks
    Inflation should continue to decline even as the U.S. central bank holds its benchmark interest rate steady at current levels, Federal Reserve Governor Michelle Bowman said on Friday while also ...
    05/3/2024 - 1:52 am | View Link
  • China to step up support for economy, flexibly use policy tools, Politburo says
    China will step up its support for the economy, flexibly using policy tools, including banks' reserve requirement ratios (RRR) and interest rates, the Politburo, a top decision-making body of the ...
    04/29/2024 - 10:46 pm | View Link
  • Asian Central Banks Face Policy Dilemma From Fed Rate-Cut Delay, FX Crunch
    A surprise rate hike by Indonesia’s central bank underlines expectations that the start of monetary policy easing is looking increasingly far off for many Asian central banks, if it is on the horizon ...
    04/23/2024 - 9:57 pm | View Link
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