View Full Version : How Singapore's monetary policy works : Business Times
princess_morbucks
07-04-14, 17:28
http://www.businesstimes.com.sg/premium/top-stories/how-singapores-monetary-policy-works-20140407
http://www.businesstimes.com.sg/sites/businesstimes.com.sg/files/imagecache/Original/BT_20140407_TSMASGRAPHIC_1032467.jpg
In simple term call, Singapore process of printing money.
SINGAPORE MONEY SUPPLY M0
Money Supply M0 in Singapore increased to 30851.60 SGD Million in January of 2014 from 28851.60 SGD Million in December of 2013. Money Supply M0 in Singapore is reported by the Monetary Authority of Singapore. Money Supply M0 in Singapore averaged 9760.19 SGD Million from 1974 until 2014, reaching an all time high of 30851.60 SGD Million in January of 2014 and a record low of 1133.10 SGD Million in March of 1974. Singapore Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money. This page provides - Singapore Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-07
SINGAPORE MONEY SUPPLY M1
Money Supply M1 in Singapore increased to 160551.40 SGD Million in January of 2014 from 154602.90 SGD Million in December of 2013. Money Supply M1 in Singapore is reported by the Monetary Authority of Singapore. Money Supply M1 in Singapore averaged 30464.56 SGD Million from 1969 until 2014, reaching an all time high of 160551.40 SGD Million in January of 2014 and a record low of 1202 SGD Million in May of 1969. This page provides - Singapore Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-07
SINGAPORE MONEY SUPPLY M2
Money Supply M2 in Singapore increased to 501844.70 SGD Million in January of 2014 from 495913.40 SGD Million in December of 2013. Money Supply M2 in Singapore is reported by the Monetary Authority of Singapore. Money Supply M2 in Singapore averaged 135988.05 SGD Million from 1974 until 2014, reaching an all time high of 501844.70 SGD Million in January of 2014 and a record low of 6182.30 SGD Million in February of 1974. Singapore Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Singapore Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-07
SINGAPORE MONEY SUPPLY M3
Money Supply M3 in Singapore increased to 512796.80 SGD Million in January of 2014 from 506905.60 SGD Million in December of 2013. Money Supply M3 in Singapore is reported by the Monetary Authority of Singapore. Money Supply M3 in Singapore averaged 147739.37 SGD Million from 1974 until 2014, reaching an all time high of 512796.80 SGD Million in January of 2014 and a record low of 6878.30 SGD Million in February of 1974. Singapore Money Supply M3 includes M2 plus long-term time deposits in banks. This page provides - Singapore Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-07
SINGAPORE MONEY SUPPLY M0
Money Supply M0 in Singapore increased to 30851.60 SGD Million in January of 2014 from 28851.60 SGD Million in December of 2013. Money Supply M0 in Singapore is reported by the Monetary Authority of Singapore. Money Supply M0 in Singapore averaged 9760.19 SGD Million from 1974 until 2014, reaching an all time high of 30851.60 SGD Million in January of 2014 and a record low of 1133.10 SGD Million in March of 1974. Singapore Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money. This page provides - Singapore Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-07
SINGAPORE MONEY SUPPLY M1
Money Supply M1 in Singapore increased to 160551.40 SGD Million in January of 2014 from 154602.90 SGD Million in December of 2013. Money Supply M1 in Singapore is reported by the Monetary Authority of Singapore. Money Supply M1 in Singapore averaged 30464.56 SGD Million from 1969 until 2014, reaching an all time high of 160551.40 SGD Million in January of 2014 and a record low of 1202 SGD Million in May of 1969. This page provides - Singapore Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-07
SINGAPORE MONEY SUPPLY M2
Money Supply M2 in Singapore increased to 501844.70 SGD Million in January of 2014 from 495913.40 SGD Million in December of 2013. Money Supply M2 in Singapore is reported by the Monetary Authority of Singapore. Money Supply M2 in Singapore averaged 135988.05 SGD Million from 1974 until 2014, reaching an all time high of 501844.70 SGD Million in January of 2014 and a record low of 6182.30 SGD Million in February of 1974. Singapore Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Singapore Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-07
SINGAPORE MONEY SUPPLY M3
Money Supply M3 in Singapore increased to 512796.80 SGD Million in January of 2014 from 506905.60 SGD Million in December of 2013. Money Supply M3 in Singapore is reported by the Monetary Authority of Singapore. Money Supply M3 in Singapore averaged 147739.37 SGD Million from 1974 until 2014, reaching an all time high of 512796.80 SGD Million in January of 2014 and a record low of 6878.30 SGD Million in February of 1974. Singapore Money Supply M3 includes M2 plus long-term time deposits in banks. This page provides - Singapore Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-07
Hi Arcachon
I not so clever, with so much $$, what do we do with it?
I also trying to figure out, the money supply only got one direction and that is up.
Good house
08-04-14, 12:43
Waiting for the illuminated one to give enlightenment leh, many common people on earth Like me leh:)
princess_morbucks
08-04-14, 12:55
Waiting for the illuminated one to give enlightenment leh, many common people on earth Like me leh:)
Paging Blackjack21trader!
Where are you ?
Unlike most major economies, Singapore’s central bank manages the exchange rate, rather than the interest rate, and has done so since 1981. A small and open economy, Singapore is highly dependent on trade. The Singapore dollar’s strength relative to other currencies can thus influence prices significantly. Also, the exchange rate is relatively easy for the central bank to control – by buying and selling Singapore dollars. By choosing to manage the exchange rate, MAS gives up control over domestic interest rates. As capital flows in and out freely, interest rates are largely determined by foreign interest rates and how investors expect the Singapore dollar to move.
Key words.
Manages exchange rate, not interest rate.
MAS gives up control of domestic interest rates.
Interest rates determined by foreign interest rates.
Foreign "USD"
USD got trillion of debt and is going to raise interest rate so they can pay more interest ?????????
:beats-me-man:
Good house
08-04-14, 16:14
Understand liao. TQ TQ:)
https://fbcdn-sphotos-a-a.akamaihd.net/hphotos-ak-frc1/t1.0-9/1795597_10202428797134160_1564115595739607988_n.jpg
https://scontent-a-mad.xx.fbcdn.net/hphotos-prn1/t1.0-9/10150633_10202428811814527_8201630673708704187_n.jpg
https://scontent-b-mad.xx.fbcdn.net/hphotos-prn2/t1.0-9/1457743_10202428833495069_6836090923385403465_n.jpg
http://www.tradingeconomics.com/united-states/government-debt-to-gdp
Good house
09-04-14, 19:55
Bro, can help explain it in simple English
Is it still printing money but print less now?
When and what make them raise interest rate they say like no Say:banghead:
If I buy USA dollar than when interest rate go up the dollar will also appreciate
right?
But they still supply a lot of money leh.
Tq, please help illuminate common people:o
Bro,
Is it still printing money but print less now? Yes
When and what make them raise interest rate they say like no Say:banghead:
Despite the Federal Reserve tapering off its monthly bond-buying purchases, Fed Chair Janet Yellen confirmed that low interest rates are here to stay for a little longer amid very poor labor market conditions. The United States central bank confirmed that it does not have any immediate plans to raise a key short-term rate in the near future. The purpose of the bond acquisitions is to assist in keeping long-term loan rates low – the Fed argues that any increase in the short-term rate would increase borrowing costs and diminish stock prices.
http://economiccollapsenews.com/2014/03/31/janet-yellen-admits-u-s-labor-market-is-worse-now-than-in-recession/
If I buy USA dollar than when interest rate go up the dollar will also appreciate
right? Depend.
If you use SGD to Buy USD this is what you going to get regardless of interest rate.
https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-prn1/t1.0-9/10151210_10202435075291110_139123377448697151_n.jpg
But they still supply a lot of money leh. Look at their debt clock
The European Central Bank has signalled that it is ready to leap into the unknown by unleashing quantitative easing as dangerously low inflation threatens the tentative European recovery.
But ECB president Mario Draghi is not ready to press the QE button just yet, even though euro zone inflation, at 0.5 per cent in March, is at its lowest level since late 2009 and the International Monetary Fund (IMF) is urging him to swing into action.
http://www.theglobeandmail.com/report-on-business/international-business/european-business/ecb-holds-rates-despite-inflation-close-to-zero/article17786680/
Why IMF did not tell Thailand to print during AFC
Good house
09-04-14, 22:55
Very enlightening, TQ bro.
Why never ask Thailand do the same thing?...:o
Me common man think maybe the towkays in IMF mainly are non Asian.
Maybe one day Asian hv majority seat, than we can do 5he same
IMHO, please advice tq.
https://www.youtube.com/watch?v=WQui_3Hpmmc
The European Central Bank has signalled that it is ready to leap into the unknown by unleashing quantitative easing as dangerously low inflation threatens the tentative European recovery.
But ECB president Mario Draghi is not ready to press the QE button just yet, even though euro zone inflation, at 0.5 per cent in March, is at its lowest level since late 2009 and the International Monetary Fund (IMF) is urging him to swing into action.
http://www.theglobeandmail.com/report-on-business/international-business/european-business/ecb-holds-rates-despite-inflation-close-to-zero/article17786680/
Why IMF did not tell Thailand to print during AFC
Thailand economy is too small.
If u owe bank a little money, u are worry, the bank not worry.
If u owe bank a lot of money, its the bank that worry, u are not worry.
The ECB will bend up side down to make sure the EU economy recover.
Very enlightening, TQ bro.
Why never ask Thailand do the same thing?...:o
Me common man think maybe the towkays in IMF mainly are non Asian.
Maybe one day Asian hv majority seat, than we can do 5he same
IMHO, please advice tq.
If u are small borrower, bank will ask u to do austerity
If u are big borrower, bank will ask u to do more stimulus
Understand that is why China have the ghost city.
https://www.google.fr/search?q=china+ghost+city&rls=com.microsoft:en-US:%7Breferrer:source?%7D&rlz=1I7ADFA_enFR480&tbm=isch&tbo=u&source=univ&sa=X&ei=pIlFU53QLq2Y0QWA1IDwBA&ved=0CC0QsAQ&biw=1600&bih=813
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