GDP Archives - The Industry Spread

Bank Rate maintained at 0.75% – August 2019

August 2, 2019

Our Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.75%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases.

MAS Transfers S$45 billion to the Government for Long-term Investment

May 10, 2019

The Monetary Authority of Singapore (MAS) said today that it would be transferring S$45 billion from the official foreign reserves (OFR) to the Government for long-term investment.  This amount is the excess over what MAS deems necessary to maintain confidence in Singapore’s exchange rate-centred monetary policy.  MAS, as the central bank of Singapore, manages the country’s OFR, which stood at S$404 billion as at April 2019.

RBA: Minutes of the Monetary Policy Meeting of the Reserve Bank Board

March 20, 2019

Members commenced their discussion of the global economy by noting that new information had been somewhat limited over the preceding month because of the government shutdown in the United States and the Lunar New Year holiday period across Asia. The global economy had grown above trend in 2018, although it had slowed in the second half of the year and the more recent data that had been received had been consistent with a continuation of slower global growth in the fourth quarter of 2018 and early 2019, particularly in the euro area and parts of Asia.