China View
10 Apr 2008
SINGAPORE, April 10 (Xinhua) -- Singapore's central bank announced on Thursday that it will re-center the Singapore dollar nominal effective exchange rate policy band at the prevailing level.
"There will be no change to the slope or width of the policy band," the Monetary Authority of Singapore (MAS) said in a semiyearly monetary policy statement, allowing the Singapore dollar to appreciate against other currencies and mitigate inflationary pressures.
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