What a neutral stance means is that the central bank has made no change to the width of the band in which the Singapore dollar nominal effective exchange rate (S$NEER) is allowed to float.
The Monetary Authority of Singapore (MAS) has maintained its policy stance – in line with expectations from market watchers – at its half-yearly review on Apr 14.
This neutral position is consistent with the policy stance adopted by the central bank in its review done last October.
