Singapore eases monetary policy sharply and taps reserves

Singapore
Singapore

The Monetary Authority of Singapore (MAS) has eased monetary policy sharply as core inflation dipped into negative territory and a deep recession looms for the year ahead.

The city-state’s central bank slashed the appreciation of the Singapore dollar to zero, the most aggressive flattening move since the 2008 global financial crisis, according to its semi-annual monetary policy statement published today (March 30).

“The MAS would adopt a 0% per annum rate of appreciation of the policy band

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: