MAS reduces rate of appreciation of S$NEER policy band ‘slightly’; lowers core inflation forecast to 0.5% - 1.5% in 2025

The Monetary Authority of Singapore (MAS) will continue with its policy of a “modest and gradual appreciation” of the Singapore dollar nominal effective exchange rate (S$NEER) policy band.

However, the rate of appreciation will be reduced “slightly”, says MAS in its monetary policy statement (MPS) on April 14. There will be no change to the width of the band and the level at which it is centred.