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MAS stands pat at April monetary policy review, as expected

It will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band

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Elysia Tan

Elysia Tan

Published Fri, Apr 12, 2024 · 08:06 AM
    • The central bank last adjusted its monetary policy stance in 2022.
    • The central bank last adjusted its monetary policy stance in 2022. PHOTO: BT FILE

    SINGAPORE’S central bank left its monetary policy settings unchanged in April, extending the pause for the fourth straight meeting, in line with market expectations.

    The Monetary Authority of Singapore (MAS) also left its headline and core inflation projections unchanged: both are expected to average between 2.5 and 3.5 per cent this year.

    MAS said on Friday (Apr 12) that it will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, with no change to its width and the level at which it is centred.

    Monetary PolicyMonetary Authority of SingaporeNominal effective exchange rate (NEER)Singapore economySingapore inflation

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