2017 1 16
2016 2017 2016 12 13 14 FOMC 25 2016 12 FOMC 25 2017 25 2017 5 2 16
2016 2017 12 2016 6 2016 11 2015 2016 2017 WMP 2016 27 13 11 50 2016 11 30 2016 2017 2017 2017 2016 2017 50 2 2017 2% 2017 1 20 3 16
2016 12 2016 12 FOMC 25 2017 2018 FOMC 2017 2017 4 2017 2017 2000 CRB 2008 6 30 462.74 2016 2 11 155.01 200 2016 12 5 2017 2017 2017 2016 5 2008/09 4 4 16
2016 2017 3-4% 6 2-3% 5 16
2017 2017 2011 330 276 6 16
120 60 60 2016 12 2017 12 12 25 10 60 2.4% 20-30 JACI 7% 2017 1-3% 2017 2017 7 16
% % % % % 2.50 2.00 1.50 1.00 0.50 2017 0.75% 0.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016 12 13 14 FOMC 25 2016 12 FOMC 25 FFTR 2016 11 8 2016 12 2017 2017 2017 6 9 12 FOMC 3 25 2019 3% 3.5% 3Libor 10 3M Lois (lhs) 3M Libor (rhs) 2s10s UST (lhs) 10Y UST (rhs) 0.65 0.55 2017 3 Libor 1.00% 1.05 0.95 1.40 1.30 1.20 2017 10 2.50% 2.70 2.50 2.30 0.45 0.35 0.25 0.85 0.75 0.65 1.10 1.00 0.90 0.80 2.10 1.90 1.70 1.50 1.30 0.15 0.55 0.70 1.10 Jan Mar May Jul Sep Nov Jan Jan Mar May Jul Sep Nov Jan 2017 1 3 Libor 1.00% Libor LOIS 2017 1 10 2.50% 8 16
% % NEER 129 127 2% 1% NEER 1% 0.5% NEER 125 123 121 119 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 SGD NEER Upper-end:2% Mid-point of Estimated Policy Band Lower-end:2% GDP 1.1% 2.0% 2.0% NEER 2017 12 25 2017 1.48 3 SOR Sibor 1.40 3M Sibor (lhs) 3M Sor (rhs) 1.80 1.30 1.60 1.20 1.40 3 SOR Sibor 2017 0.80% 0.90% 1.10 1.00 0.90 2017 3 SOR 0.80% 1.20 1.00 0.80 SOR Sibor 2017 NEER Libor 0.80 0.60 0.70 Jan Mar May Jul Sep Nov Jan 0.40 9 16
% 10 2s10s SGS (lhs) 10Y SGS (rhs) 1.45 1.35 1.25 2017 10 2.50% 3.15 2.95 2.75 10 2017 2.50% 10 1.15 1.05 2.55 2.35 2017 0.95 2.15 0.85 0.75 1.95 1.75 0.65 Jan Mar May Jul Sep Nov Jan 1.55 125.00 10.00% 120.00 115.00 5.00% 0.00% 110.00 105.00 100.00 2015 2016 2014 2015 2016-5.00% -10.00% GDP 2016 11 12 19-20 2016 12-0.1% -0.2% 2016 12 19-20 2017 12 10 16
125.00 2.50% 2.00% 120.00 1.50% 2015 2016 115.00 110.00 105.00 100.00 11 12 13 14 15 16 1.00% 0.50% 0.00% -0.50% Lending Rate 0.25% Ren Rate 0% Deposlt Rate -0.4% 2017 1.60 1.55 0.05% 1.50 0.45% 1.45 0.40% 1.40 1.35 0.35% 1.30 0.30% 1.25 2015 2016 1.20 11 12 13 14 15 16 0.25% 2017 1 11 16
0.78 4.50% 4.00% 0.76 3.50% 0.74 3.00% 0.72 2.50% 0.70 2.00% 2015 2016 0.68 11 12 13 14 15 16 1.50% 0.5% 2011 GDP 4.40 3.30% 4.20 3.20% 4.00 3.10% 3.80 3.00% 3.60 2.90% 3.40 2.80% 2015 2016 3.20 11 12 13 14 15 16 2.70% 4.00-4.20 4.4250 3.90 10 2017 4.50 Beta 11 3.00% 12 16
15 5.60% 14 5.40% 14 5.20% 13 13 5.00% 12 4.80% 2014 2015 2016 12 M J J A S O N D J 4.60% 36 3.50% 35 3.00% 34 2.50% 33 2.00% 2014 2015 2016 32 1.50% 2017 35.6 37.0 2017 1.50% 13 16
6.90 6.80 6.50% 6.70 6.00% 6.60 6.50 5.50% 6.40 5.00% 2015 2016 6.30 6.20 6.10 11 12 13 14 15 16 4.50% 4.00% 7 9 SDR 6.70 2 10 11 6.70 6.80 6.90 6% 5% 6.89-6.90 12 7 2008 NEER 2016 6.5% 2017 2017 7.00 2017 7.16 2017 4.35% 1 17.0% 14 16
2017 2017 2017 2017 115 1.04 1.20 0.73 0.68 1.45 4.42 13,800 36.3 49.8 70.4 32.5 1,190 7.80 6.95 117 1.03 1.18 0.73 0.68 1.46 4.35 13,900 36.5 50.2 71.9 32.9 1,200 7.80 7.02 119 1.02 1.16 0.72 0.67 1.47 4.45 14,100 36.8 50.6 72.8 33.3 1,210 7.80 7.09 120 1.02 1.16 0.72 0.67 1.48 4.50 14,300 37.0 50.9 73.8 33.7 1,220 7.80 7.16 2017 2017 2017 2017 100 1000 100 100 100 100 1.2609 1.5080 1.7400 1.0585 0.9860 0.3281 0.1051 4.0000 0.0291 2.0597 4.4632 0.1218 0.1859 0.2086 1.2479 1.5038 1.7228 1.0658 0.9928 0.3356 0.1050 4.0000 0.0291 2.0306 4.4407 0.1217 0.1872 0.2080 1.2353 1.4994 1.7052 1.0584 0.9849 0.3303 0.1043 4.0000 0.0291 2.0192 4.4181 0.1215 0.1885 0.2073 1.2333 1.5096 1.7168 1.0656 0.9916 0.3289 0.1035 4.0000 0.0291 2.0054 4.3954 0.1213 0.1897 0.2067 15 16
2017 16 16