MAS在复苏前景上维持单一美元政策不变

2020-10-14 09:22

MAS leaves Singdollar policy unchanged on recovery outlook Ujv世界播

MAS在复苏前景上维持单一美元政策不变Ujv世界播


暂无Ujv世界播

MAS' policy stance was in line with analysts' expectations. Ujv世界播

MAS的政策立场符合分析师的预期Ujv世界播


SINGAPORE - The Monetary Authority of Singapore (MAS) is holding steady on monetary policy while the Singapore economy recovers from the impact of the coronavirus pandemic and signalled itsaccommodative stance will remain appropriate for some time. Ujv世界播

新加坡-新加坡金融管理局(MAS)在货币政策上保持稳定,同时新加坡经济正从冠状病毒大流行的影响中复苏,并暗示其宽松立场在一段时间内仍将是合适的。Ujv世界播


As widely expected, Singapore's central bank left unchanged the Singapore dollar's rate of appreciation at zero per cent per annum of its policy band, it announced in its latest twice-yearly monetary policy review on Wednesday (Oct 14). Ujv世界播

新加坡央行周三(10月14日)在其最新的一年两次的货币政策评估中宣布,一如人们普遍预期的那样,新加坡央行将新加坡元的年升值速度维持在其政策区间的零%不变。Ujv世界播


There will be no change to the width of the policy band and the level at which it is centred. Ujv世界播

政策区间的宽度和中心水平不会改变。Ujv世界播


"The Singapore economy is expected to see a recovery in 2021, alongside receding disinflation risk. However, the underlying growth momentum will be weak, and the negative output gap will only narrow slowly in the year ahead," MAS said. Ujv世界播

MAS表示:“预计新加坡经济将在2021年出现复苏,同时通缩风险也会消退。然而,潜在的增长动力将是疲软的,负产出缺口在未来一年只会缓慢缩小。”Ujv世界播


It added that an accommodative policy stance will remain appropriate for some time as core inflation is expected to stay low. Ujv世界播

它补充说,由于核心通胀率预计将保持在较低水平,宽松的政策立场在一段时间内仍将是合适的。Ujv世界播


"This will complement fiscal policy efforts to mitigate the economic impact of Covid-19 and ensure price stability over the medium term." Ujv世界播

“这将与减轻新冠肺炎经济冲击的财政政策努力相辅相成,确保中期物价稳定.”Ujv世界播


MAS' policy stance was in line with analysts' expectations. All 13 economists in a Reuters poll forecast MAS would keep its policy settings unchanged on hopes the economy will recover on further easing of Covid-19 restrictions and unprecedented budget packages amounting to nearly $100 billion, with monetary policy playing a supportive role. Ujv世界播

MAS的政策立场符合分析师的预期。路透社调查的13位经济学家都预测,金管局将保持其政策设置不变,希望在新冠肺炎进一步放松限制和史无前例的近1,000亿美元预算方案的推动下,经济将复苏,货币政策将发挥支持作用。Ujv世界播


Singapore started a gradual reopening of the economy in June, sparking a steady recovery in economic activity. Third-quarter flash GDP data out also on Wednesday morning showed the economy has moved past the trough of its worst-ever recession, with gross domestic product rebounding by 7.9 per cent on a quarter-on-quarter seasonally adjusted basis in the July to September period. Ujv世界播

新加坡在6月份开始逐步重新开放经济,引发了经济活动的稳步复苏。同样在周三上午公布的第三季度国内生产总值(GDP)预览版数据显示,经济已走出有史以来最严重的衰退低谷,经季节性调整后,7月至9月期间国内生产总值(GDP)环比反弹7.9%。Ujv世界播


The rebound comes after the 13.2 per cent quarter-on-quarter plunge in the second quarter that included the April 7 to June 1 circuit breaker period. Ujv世界播

在此之前,第二季度(包括4月7日至6月1日熔断期在内)出现了13.2%的季度环比暴跌。Ujv世界播


MAS also upgraded its 2020 forecast range for both core and overall inflation to -0.5 to 0 per cent. Its previous 2020 forecasts for both indicators was -1 to 0 per cent. Ujv世界播

MAS还将2020年核心通胀率和整体通胀率的预测区间上调至-0.5%至0%。它之前对这两个指标的2020年预测都是-1%至0%。Ujv世界播


Ittips core inflation to come in next year at 0 to 1 per cent, while overall inflation is expected to be between -0.5 to 0.5 per cent. Ujv世界播

它预计明年的核心通胀率将在0%至1%之间,而整体通胀率预计将在-0.5%至0.5%之间。Ujv世界播


MAS uses the Singapore dollar's nominal effective exchange rate (S$NEER) as its main policy tool rather than interest rates, because Singapore is a small and open economy with a heavy dependence on trade. The S$NEER is the exchange rate of the Singapore dollar managed against a trade-weighted basket of currencies of the nation's major trading partners. The S$NEER is allowed to float within an unspecified band. Should it go out of this band, MAS steps in by buying or selling Singdollars. Ujv世界播

金管局使用新加坡元名义有效汇率(新元NEER)作为其主要政策工具,而非利率,因为新加坡是一个小型开放经济体,严重依赖贸易。新元NEER是新加坡元对该国主要贸易伙伴的贸易加权一篮子货币管理的汇率。允许S$NEER在未指定的范围内浮动。如果它退出这个波段,MAS就会通过买入或卖出新加坡元的方式介入。Ujv世界播


The central bank changes its monetary policy by adjusting the slope, width and mid-point of this band based on assessed risks to the country's growth and inflation. Ujv世界播

央行根据评估的国家增长和通胀风险,调整这一区间的斜率、宽度和中间点,从而改变其货币政策。Ujv世界播


It took the unprecedented step in its April review of both lowering the midpoint of its currency band and reducing the slope to zero. That meant it allowed for a weaker exchange rate to head off deflation and support Singapore's export-reliant economy as the nation braced for a deep recession. Ujv世界播

它在4月份的评估中采取了史无前例的举措,既降低了其货币区间的中点,又将斜率降至零。这意味着,在新加坡准备迎接深度衰退之际,它允许较低的汇率来防止通货紧缩,并支持依赖出口的新加坡经济。Ujv世界播


Since that decision, the Singapore dollar has traded stronger in line with global trading partners amid signs of economic recovery. MAS said on Wednesday that the S$NEER has hovered slightly above the mid-point of the new policy band. Ujv世界播

自做出这一决定以来,在经济复苏的迹象下,新加坡元的交易价格与全球贸易伙伴一致。新加坡金融管理局周三表示,坡元NEER一直徘徊在新政策区间的中点略上方。Ujv世界播


"The relative stability of the S$NEER has reflected the strengthening of the Singdollar against the US dollar, offset by its weakening against a number of regional currencies, it added. Ujv世界播

“新元兑美元汇率的相对稳定反映了新元兑美元的走强,但被新元兑一些地区货币的疲软所抵消,”它补充道。Ujv世界播


Meanwhile, core inflation - a key consideration for MAS' monetary policy which aims for price stability conducive to sustained economic growth - stayed negative for the seventh consecutive month in August but eased to minus 0.3 per cent. Ujv世界播

与此同时,核心通胀率在8月份连续第七个月保持负值,但已回落至负0.3%。核心通胀率是金管局货币政策的一个关键考虑因素,旨在保持价格稳定,有利于经济持续增长。Ujv世界播

© 2016 世界播 www.shijiebobao.com 中国互联网举报中心 京ICP证140141号 鄂ICP备18018000号-1
违法和不良信息举报: