MAS allows Singapore dollar to appreciate in tightening move

Singapore

The Monetary Authority of Singapore (MAS) chose to tighten its monetary policy at its October meeting by allowing the Singapore dollar to appreciate mildly, as the country’s inflation continues an upward trajectory.

The central bank said it will “slightly” raise the slope of its benchmark exchange rate, the Singapore Dollar Nominal Effective Exchange Rate (S$NEER), from zero.

The other two parameters of the S$NEER policy band, the width of the policy band and the level at which it is centred

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