Singapore’s revises date of forex intervention operations, helps market players align with monetary policies

On Monday, the Monetary Authority of Singapore (MAS) stated it will commence disclosing its foreign exchange intervention operations in April in order to enhance the market’s understanding of its monetary policy position.

In a statement, the MAS said, its net foreign exchange purchases from its intervention operations for the six months to starting from December 31, 2019, will be published on April 9; earlier it was scheduled to publish the same in July.

An earlier disclosure date is likely to provide more timely information to the market so that market players can align with its monetary policy cycle.

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