- Loosens monetary policy by slowing the rate at which SGD will be allowed to appreciate
- Core inflation should ease next year but could reach 5% in 2011
- Economic growth to be towards lower end of expectations
The SGD asppreciated immediately after the announcement, with USD/SGD falling to 1.2691 from earlier highs near 1.2800. AUD/USD and EUR/USD rose slightly in sympathy.
