Singapore MAS to Review Policy Quarterly After Standing Pat
- Slope, width, and center of the currency band kept unchanged
- MAS sees 2023 growth at lower half of the 0.5%–1.5% range
This article is for subscribers only.
Singapore’s central bank kept monetary settings unchanged for a second time this year amid waning core inflation, while increasing the frequency of its policy decisions to quarterly to be nimble in responding to evolving challenges.
The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool rather than interest rates, maintained the slope, width, and center of the currency band unchanged, it said in a statement Friday. The decision to issue four policy statements a year from the current two is part of “continuing efforts to enhance monetary policy communications,” the MAS said.