Coronavirus
VERY HIGH
Pakistan Deaths
19,106
11324hr
Pakistan Cases
864,557
308424hr
Sindh
293,426
Punjab
320,851
Balochistan
23,534
Islamabad
78,382
KPK
124,979
Markets

Singapore dollar gains slightly after central bank stands pat, GDP surprise

  • All 15 economists polled by Reuters had forecast the MAS would keep its policy unchanged.
14 Apr 2021

Singapore's dollar climbed 0.2% on Wednesday after the central bank left its monetary policy settings unchanged, as expected, while data also showed the city state posted surprising year-on-year GDP growth in the first quarter.

The local dollar appreciated to 1.3382 per US dollar, after the Monetary Authority of Singapore (MAS) left its exchange-rate policy settings unchanged.

All 15 economists polled by Reuters had forecast the MAS would keep its policy unchanged.