The Monetary Policy Statement in Singapore is a biannual announcement by the Monetary Authority of Singapore (MAS) that outlines the country's monetary policy stance, primarily focusing on the exchange rate rather than interest rates. It measures the policy direction for managing inflation and ensuring economic stability by adjusting the Singapore dollar's nominal effective exchange rate (S$NEER) policy band. This event is crucial for the economy and financial markets as it influences inflation expectations, economic growth, and investor confidence, impacting currency and stock markets. Given Singapore's open and trade-dependent economy, the statement provides essential insights into the government's approach to maintaining economic competitiveness and stability.
The Monetary Policy Statement in Singapore is a biannual announcement by the Monetary Authority of Singapore (MAS) that outlines the country's monetary policy stance, primarily focusing on the exchange rate rather than interest rates. It measures the policy direction for managing inflation and en...