Monetary Authority of Singapore Tightened Monetary Policy to Slow Inflation’s Momentum 

The Monetary Authority of Singapore (MAS), Singapore’s central bank tightened its monetary policy on Thursday. The MAS manages monetary policy through exchange rate settings, rather than interest rates. The authority re-centered the mid-point of the Nominal Effective Exchange Rate, or S$NEER, at the prevailing level of the S$NEER. It also increased slightly the rate of appreciation of the policy band. The MAS adjusts its policy via three levers: the slope, mid-point and width of the policy band. The Monetary Authority of … Continue reading “Monetary Authority of Singapore Tightened Monetary Policy to Slow Inflation’s Momentum “