MAS April policy statement.
The Monetary Authority of Singapore adjust monetary policy via managing the exchange rate.
The MAS meet on policy adjustments (or not) only twice a year. April and October.
Policy statement today, tightens:
- will re-centre the mid-point of the exchange rate policy band at the prevailing level of the s$neer - mas
- no change to the width of the policy band
- will increase slightly the rate of appreciation of the policy band to exert a continuing dampening effect on inflation
More:
- says core inflation is now projected to come in at 2.5–3.5% this year
- says CPI-all items inflation is forecast at 4.5–5.5%,
- says GDP growth is expected to come in at 3–5% this year
- mas says tighter monetary policy stance will slow inflation momentum and help ensure medium-term price stability
MAS is Singapore's central bank.
