Since MAS’s last monetary policy statement in April, the central bank notes that global economic growth has been “more resilient” than expected, with global manufacturing production remaining steady on the back of the front-loading of orders and artificial intelligence (AI)-related investments.
The Monetary Authority of Singapore (MAS) will maintain the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band in July after easing its monetary policy in January and April this year. There will be no change to the band’s width and the level at which it is centred.
Following the previous policy easing, the MAS says it is in an “appropriate position” to respond to risks to medium-term price stability.
