Singapore's MAS maintains monetary policy settings, anticipating later inflation easing; continues using exchange rate as primary tool, no immediate policy easing expected.

Singapore's central bank, the Monetary Authority of Singapore (MAS), has maintained its current monetary policy settings for a third consecutive time, as inflation is expected to ease only later in the year. The MAS uses the exchange rate as its main policy tool rather than interest rates, and the decision suggests any potential monetary policy easing could be further down the line. The central bank will maintain the slope, width, and center of the currency band.

January 28, 2024
26 Articles