Singaporean monetary policy
Monetary Authority of Singapore’s Semi-Annual Policy Review
October 14, 2014
The operating target of monetary policy is an exchange rate corridor, and interest rates are kept at whatever level will meet the S-dollar’s target. Like the previous four semi-annual reviews, the mid-point, slope, and width of the exchange rate target band were left unchanged. The target allows for a “modest and gradual” appreciation of the […] More
