Singapore’s MAS Holds Policy Stance While Softening Dovish Tone
Bloomberg 1 day ago Michelle Jamrisko
(Bloomberg) Singapore’s central bank kept its main monetary settings unchanged, while signaling a slightly less dovish tone going forward as it cautiously eyes a brighter recovery from the pandemic.
While repeating its previous guidance that “that an accommodative policy stance remains appropriate,” the Monetary Authority of Singapore statement dropped the phrase “for some time.” It also said it expects economic growth to outpace its earlier expectations and noted a gradual pick-up in inflation.
The MAS, which manages the exchange rate of the local dollar as its main monetary tool, held the slope, width and center of its currency band unchanged Wednesday, as expected in a Bloomberg survey. The slope is currently 0%, a policy that implies the MAS isn’t seeking currency appreciation, which it implemented at the outset of the pandemic last year.
Is it time to buy ANZ (ASX:ANZ) at today’s share price?
Tristan Harrison | April 10, 2021 9:32am |
More on:
Australia and New Zealand Banking Group Ltd (ASX: ANZ) shares at today’s share price?
The ANZ share price hasn’t moved much over the last month, but it has gone up just over 60% over the last six months.
Why has the ANZ share price risen so much?
ANZ and the overall market are seeing a recovery right now. The painful credit provisions that were taken earlier during 2020, because of the COVID-19 pandemic, are not being repeated.
In the three months to 31 December 2020 (the first quarter of ANZ’s FY21), it generated cash profit from continuing operations of $1.81 billion – up 54% on the average of the last two quarters of 2020. It was a similar sort of story as the bank generated $1.62 billion of statutory profit.
2 fast-growth ASX tech shares that have been sold off
Tristan Harrison | April 5, 2021 8:50am |
More on: Image source: Getty Images
There are some fast-growth ASX tech shares that have been sold off in recent weeks and could be worth thinking.
Some businesses have been going up over the last few weeks such as
Domino’s Pizza Enterprises Ltd.(ASX: DMP).
However, there are also some ASX tech shares that have been falling despite reporting growth:
The Redbubble share price has fallen 11% since 16 March 2021. Redbubble shares have been heading downwards over the last few weeks as markets worried about interest rates and inflation, and investors responded to Redbubble’s half-year result.
AMP Taps Top Female Banker to Move Past Scandals And Turmoil
Bloomberg 1 hr ago Matthew Burgess and Nabila Ahmed
(Bloomberg) Alexis George will take over as chief executive officer of AMP Ltd. as Australia’s oldest wealth management firm seeks to move on from a series of recent scandals and kick start its recovery.
The 57-year old deputy CEO at Australia & New Zealand Banking Group Ltd., who joins AMP in the third quarter, will need to choreograph one of the toughest turnarounds in Australian corporate history. Outgoing chief Francesco De Ferrari will retire after less than two-and-a-half years at the helm.
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