Stable Monetary Policy in Singapore: Central Bank Stays the Course

The currency guardians of the Monetary Authority of Singapore (MAS) have left their monetary policy measures unchanged for the sixth consecutive time. This decision is based on the reasoning that the current measures continue to be in line with medium-term price stability. In particular, the central bank maintains the existing rate of appreciation of the nominal effective exchange rate of the Singapore dollar. Additionally, the MAS confirmed that both the width and the level at which the S$NEER policy band is centered will remain unchanged. This decision underscores the Singaporean central bank's commitment to ensuring reliable stability in a volatile global economic environment.