Allbet Gaming

Singapore policy tightened as inflation dents growth

Allbet登录网址 2022年09月01日 社会 3 1

澳洲幸运5开户www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

The Monetary Authority of Singapore (MAS), which uses foreign exchange as its main policy tool, allowed the local currency to appreciate by re-centreing the midpoint of the policy band up to its prevailing level. It also revised up the inflation estimates this year.

SINGAPORE: Singapore’s central bank unexpectedly tightened monetary policy, its second surprise move this year, as rising inflation fanned the risk of economic contraction.

The Monetary Authority of Singapore (MAS), which uses foreign exchange as its main policy tool, allowed the local currency to appreciate by re-centreing the midpoint of the policy band up to its prevailing level. It also revised up the inflation estimates this year.

The monetary policy action follows the economy flatlining in the quarter ended June as retail trade and transport sector activity shrank from the previous three months.

Singapore’s currency rose as much as 0.7% against the dollar, the biggest intraday gain since May. It traded at 1.3957 per dollar as of 9.30am local time.

“There will be no change to the slope and width of the band,” MAS said in the statement.

“This policy move, building on previous tightening moves, should help slow the momentum of inflation and ensure medium-term price stability.”

The policy decision – announced shortly after second-quarter data showed zero economic growth due mainly to a 0.9% contraction in the trade and transportation subgroup within services – follows the monetary authority’s preferred core inflation gauge rising to the highest since December 2008.

MAS expects the rate of inflation to stay elevated in the months ahead, after the core consumer price index accelerated to 3.6% in May.

,

USDT交易所程序出租点击联系我),全球頂尖的USDT場外擔保交易平臺程序出租。

,

The action “is clearly in response to upside inflation risk,” said Khoon Goh, head of Asia research at Australia and New Zealand Banking Group.

“The timing of today’s off-cycle move was influenced by the recent weakening in the Singapore dollar, as it would have added to inflation pressure.”

Economist Tamara Henderson said: “The unexpected loss of momentum suggests the risk of a contraction in the third quarter as global growth slows and as gains fade from the city-state’s reopening.

“We now see significant downside risk to our projection of a 3.9% expansion in 2022.”

The central bank yesterday bumped its inflation forecasts, seeing the key core measure it tracks to rise between 3% to 4% this year from 2.5% to 3.5% seen previously.

It expects the all-items measure to surge between 5% to 6% from the earlier forecast range of 4.5% to 5.5%.

Yesterday’s gross domestic product release showed growth came in at 4.8% from a year ago, slower than the median estimate for a 5.4% expansion.

The advance second-quarter numbers look at the economy’s performance based mainly on data from April and May, and the official forecast for full-year growth is due to be revised next month.

Allbet Gaming声明:该文看法仅代表作者自己,与阳光在线无关。转载请注明:Singapore policy tightened as inflation dents growth
发布评论

分享到:

ug官方网站:Wall St opens lower as rate hike worries slam growth stocks
1 条回复
  1. 足球博彩分析(www.hg108.vip)
    足球博彩分析(www.hg108.vip)
    (2022-09-01 10:39:28) 1#

    IPFS官网www.ipfs8.vip)是FiLecoin致力服务于使用FiLecoin存储和检索数据的官方权威平台。IPFS官网实时更新FiLecoin(FIL)行情、当前FiLecoin(FIL)矿池、FiLecoin(FIL)收益数据、各类FiLecoin(FIL)矿机出售信息。并开放FiLecoin(FIL)交易所、IPFS云矿机、IPFS矿机出售、租用、招商等业务。
    有看点,中意

发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。