The Business Times
business-time-50
EDITORIAL
·
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More