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MAS POLICY REVIEW

MAS' double-tap policy easing still an exercise in restraint

Fiscal policy will have to pull its weight amid recession as monetary policy is blunt instrument, say analysts

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MAS tweaked both the slope and mid-point of the Singdollar nominal effective exchange rate policy band (S$NEER), setting the currency on a weaker path. The width of the band did not change.

Singapore

SINGAPORE'S central bank brought out the big guns on Monday.

It eased its exchange rate-based monetary policy in a one-two punch, amid the economic devastation of the deadly Covid-19 pandemic.

Both the slope and mid-point of the Singdollar nominal effective...

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