MAS to flatten S$NEER slope, could re-centre: economists

Singapore

WHILE economists agree that the Monetary Authority of Singapore (MAS) will almost certainly flatten the slope of the foreign exchange policy band on March 30, opinions differ on whether the band will also be re-centred at a lower level.

There is consensus on the rising likelihood of re-centring, which would imply further monetary easing. But the actual size of this likelihood depends on how the Singapore dollar nominal effective exchange rate (S$NEER) continues to fare.

The half-yearly MAS monetary policy statement is usually released in mid-April and mid-October, but has been brought forward to March 30…

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