Monetary Authoriity of Singapore

Monetary Authority of Singapore Tightens Stance

April 14, 2022

The Monetary Authority of Singapore, which conducts monetary policy by targeting the external value of the currency rather than a domestic interest rate, took the unusual step today of changing two of the three defining parameters of its Singapore dollar policy, rather than just one. As it did last October and again in January, MAS […] More

Monetary Authority of Singapore Leaves Policy Stance Unchanged

April 12, 2013

Singapore subordinates domestic interest rate policy to an exchange rate target corridor, which is reviews every April and October.  The latest semi-annual review concluded with no change in the slope or width of the policy band for the Singapore dollar’s nominal effective policy band (S$NEER).  The level at which the band is centered was likewise […] More