Monetary policySingaporeThis policy note, which focuses on Singapore's monetary and exchange rate policies, has a number of objectives. First, it highlights the fact that the Monetary Authority of Singapore (MAS) is equipped with a powerful tool to target the exchange rate level it desires (...
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). Second, MAS will increase slightly the rate of appreciation...
It is issued by the People's Bank of China, the monetary authority of China. Its name (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì) means "people's currency". The primary unit of renminbi is the yuán (元). One yuan is subdivided into 10 jiǎo (角...
It is issued by the People's Bank of China, the monetary authority of China. Its name (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì) means "people's currency". The primary unit of renminbi is the yuán (元). One yuan is subdivided into 10 jiǎo (角...
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...
Monetary Authority of Singapore (MAS) maintained its monetary policy setting in April 2024, extending the pause for the fourth time in a row amid elevated cost pressure. The authority said it would keep the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate p....
In 1985, the Singapore Dollar adopted a market oriented approach and was allowed to float, although it was still closely monitored. In 2002, the Board of Commissioners of Currency was disbanded, and the functions of the board were given to the Monetary Authority of Singapore. ...
The Monetary Authority of Singapore (MAS) said in its latest monetary policy statement that it will raise slightly the rate of appreciation of the Singapore dollar Nominal Effective Exchange Rate policy band, while the width of the policy band and the level at which it is centered will be unch...
In particular, we are required, as an entity subject to the regulatory supervision of the Monetary Authority of Singapore to retain data, documents and information we collect as part of complying with our anti-money laundering and countering the financing of terrorism legal obligations (which may ...