Singapore eases monetary policy for first time since 2020
Central bank slows exchange rate appreciation as core inflation falls and trade concerns loom
The Monetary Authority of Singapore (MAS) has eased its monetary policy for the first time in almost five years.
The MAS today (January 24) announced that it would slightly reduce the slope of the S$NEER policy band, which determines the Singapore dollar’s exchange rate against a basket of currencies of the country’s major trading partners.
The central bank added that there would be no change in the width of the policy band or the level at which it was centred.
Unlike most other central banks, the
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