Singapore has just adjusted its monetary policy unexpectedly.
Unlike other central banks, the monetary authority there manages price stability by controlling the Singapore dollar exchange rate.
They did it mainly due to the increase in oil prices, which is once again putting pressure on inflation.
It’s interesting to see how they use their currency as the primary tool instead of the traditional interest rates.
This kind of move in the global market always ends up affecting overall sentiment in assets like $BTC .
What do you think about this way of managing the economy?
#Singapur #Inflación #Markets
Unlike other central banks, the monetary authority there manages price stability by controlling the Singapore dollar exchange rate.
They did it mainly due to the increase in oil prices, which is once again putting pressure on inflation.
It’s interesting to see how they use their currency as the primary tool instead of the traditional interest rates.
This kind of move in the global market always ends up affecting overall sentiment in assets like $BTC .
What do you think about this way of managing the economy?
#Singapur #Inflación #Markets