The Business Times
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EDITORIAL

Quarterly monetary decisions are valuable even if – or precisely when – they bring no change

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Published Wed, Apr 10, 2024 · 05:00 AM
    • The value of more frequent scheduled meetings arguably has less to do with MAS’ own internal decision-making, and more to do with public signalling.
    • The value of more frequent scheduled meetings arguably has less to do with MAS’ own internal decision-making, and more to do with public signalling. PHOTO: BT FILE

    THIS year, the Monetary Authority of Singapore (MAS) moved to a quarterly schedule for its monetary policy decisions, adding two more scheduled meetings in January and July, on top of its existing meetings in April and October.

    The decision might have seemed surprising, given that the central bank has not touched policy settings since October 2022.

    Indeed, this January’s decision – as economists expected – saw no change to the policy band for the Singapore dollar nominal effective exchange rate (S$NEER).

    EditorialMonetary PolicyMonetary Authority of SingaporeSingapore inflation

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