The Business Times
business-time-50

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

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

    TRENDING NOW

    Higher Singapore dollar rates should support the net interest margins of DBS, OCBC and UOB.

    Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    Desmond Sim’s resignation comes almost 18 months after the merger of ETC and OrangeTee to form Realion.

    Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC

    Chagee's flagship store at VivoCity. The milk-tea brand is pivoting away from a franchise-heavy structure towards greater direct ownership.

    Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part

    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