We previously reviewed the Monetary Authority of Singapore’s (MAS) management of monetary policy. Unusually, the MAS manages policy via the exchange rate rather than the interest rate. In this follow-up, we look at how the MAS adjusts the exchange rate in response to changes in macroeconomic...
SINGAPORE, March 30 (Xinhua) -- The Monetary Authority of Singapore (MAS) on Monday eased its monetary policy by adopting a zero percent per annum rate of appreciation of the policy band starting at the prevailing level of the Singapore dollar Nominal Effective Exchange Rate (S$NEER). ...
Finally, the paper proposes policy measures that can help (a) mop up the excess liquidity due to the net CPF withdrawals; and (b) maintain the Monetary Authority of Singapore (MAS)'s influence on Singapore's exchange rate at a reasonable level in the longer future.PAUL S. L. YIP...
Singapore on Friday loosened its monetary policy for the first time since 2020, citing a faster than expected decline in inflation and warning about a growth slowdown. The Monetary Authority of Singapore said it would slightly reduce the slope of its exchange rate policy band, known as the Sing...
Uniquely, the MAS doesn’t set Singapore’s interest rates; rather, it uses instead the currency rate as its main policy tool. Financial regulation The MAS is empowered by the Monetary Authority of Singapore Act to set regulations and supervise the city’s banking, capital markets, insurance...
According to the newly-published MAS Monetary Policy Statement, first, the authority will re-center the mid-point of the exchange rate policy band at the prevailing level of the Singapore dollar Nominal Effective Exchange Rate (S$NEER).
The Monetary Authority of Singapore said it would slightly reduce the slope of its exchange rate policy band, known as the Singapore dollar nominal effective exchange rate, or S$NEER. In its release,MAS said Singapore's growth momentum is expected to slow this year, and co...
The Monetary Authority of Singapore (MAS) is the central bank of Singapore. Use the CB Insights Platform to explore Monetary Authority of Singapore's full profile.
Although Singapore's central bank doesn't have a set target for inflation, it views core inflation of just under 2% on average as consistent with overall price stability in the economy. The data comes just a day before the Monetary Authority of Singapore meets to ann...
The data comes just a day before the Monetary Authority of Singapore meets to announce its policy stance, and was broadly in line with its expectations for a step-down in inflation toward the end of the year. Core inflation should end 2024 at around 2% and average ...