Monetary Authority of Singapore Maintains S$NEER Policy Band Settings
The Monetary Authority of Singapore (MAS) announced on Friday that it will maintain its current monetary policy settings. The MAS will keep the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged, including its width and the level at which it is centered. Economists surveyed by Bloomberg had predicted this outcome. Following the announcement, the Singapore dollar remained relatively stable, trading at 1.3427 per U.S. dollar.
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David Ingles
JUST IN: Monetary Authority of Singapore maintains slope, width, center of currency band. (Yes, today’s one of those rare ones where financial journalists pretend to understand Singapore monetary policy - you know who you are lol) https://t.co/RbXrcgNdU3
PiQ ⚠️ SINGAPORE DOLLAR LITTLE CHANGED AT 1.3427 PER U.S. DOLLAR AFTER MAS LEAVES MONETARY POLICY UNCHANGED
investingLive Singapore central bank says no change to $NEER policy band https://t.co/OYVwT67395