April 9, 2020 / 9:19 AM / 2 months ago

Singapore central bank bought net $29.9 bln in H2 2019 in FX intervention

SINGAPORE, April 9 (Reuters) - Singapore’s central bank said on Thursday that it made $29.9 billion of net purchases in foreign exchange intervention operations in the second half of last year.

It is the first time the Monetary Authority of Singapore has released the data, which it said was to enhance the transparency of actions taken to implement its monetary policy.

Reporting by Aradhana Aravindan and John Geddie in Singapore; Editing by Catherine Evans

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