[SINGAPORE] Singapore's central bank made its first disclosure of currency intervention data yesterday. Read more at The Business Times.
MAS made its biannual monetary policy statement last month instead of waiting for its scheduled release this month.
"MAS' disclosure on its foreign exchange intervention operations seeks to enhance the transparency of the actions taken to implement its monetary policy stance, while preserving MAS' operational effectiveness," the bank stated on its website yesterday. MAS will release the intervention data on a six-monthly basis, on the first business day of every April and October.
Last year, the United States' Treasury Department put Singapore on a watch list of major trading partners for their currency practices and macroeconomic policies.
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