For reference, the MAS has three policy levers – the slope of the Singapore Dollar Nominal Effective Exchange Rate (S$NEER), the midpoint of the band and the bandwidth – which can be altered in its policy decision. It can change one or more of the levers each time.
All eyes are on the Monetary Authority of Singapore’s (MAS) upcoming half-yearly macroeconomic review announcement, which is anticipated on Apr 14.
The policy announcement – which comes amid broadening growth recovery and heightened inflation concerns – is “shaping up to be a highly anticipated one in years,” says BofA Securities’ Asia and Asean economist Faiz Nagutha.
