The slope of the Singapore dollar nominal effective exchange rate (S$NEER) will be reduced, but the width of the policy band and the level at which it is centered remain unchanged.
SINGAPORE (Oct 14): The Monetary Authority of Singapore (MAS) has eased the monetary policy “slightly” – the first easing in over three years – amid slowing economic growth.
In its latest half-yearly monetary policy review on Monday, MAS said it is reducing the rate of the Singapore dollar’s appreciation.
