MAS Monetary Policy Decision

The Monetary Authority of Singapore (MAS) issues a Monetary Policy Statement (MPS) every quarter. The country’s central bank uses the exchange rate of the Singapore Dollar (SGD) against a basket of foreign currencies rather than the interest rate to control inflation. In each of its decisions, the MAS considers the change of three exchange-rate tools: the slope, width, and centre of the currency band of the so-called Singapore dollar Nominal Effective Exchange Rate (S$NEER).