NZDSGD
New Zealand dollar / Singapore dollar
News NZDSGD
The midpoint of Singapore’s currency’s policy band has been adjusted to the prevailing level. The Monetary Authority of Singapore (MAS), whose main regulatory tool is the exchange rate, has performed this action as a result of the previous quarter’s report on the economic growth, which turned out to be better than it was initially suggested. The report also signaled that demand might be damped by raised prices and tightening of the financial environment.
14 October 2022The Monetary Authority of Singapore (MAS) plans to further tighten monetary policy through the fifth exchange rate adjustment since October 2021. MAS’ policy is aimed at curbing inflation, even though their actions could threaten sustainable economic growth.
11 October 2022This month the financial authorities of Singapore will probably tighten the monetary policy for the fifth time straight.
6 October 2022Expectations of an increase of the New Zealand official cash rate have come true. On Wednesday, the Reserve Bank of New Zealand (RBNZ) raised it to 3.5%, which brought raises in the New Zealand dollar and bond yields.
6 October 2022The Reserve Bank of New Zealand (RBNZ) said it is ready for a fifth consecutive interest rate hike by 50 basis points. Economists predict a further monetary tightening by 2023, as the central bank's aggressive measures contribute to the New Zealand dollar weakening.
4 October 2022