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Singapore central bank monetary policy announcement
Monetary Authority of Singapore statement on monetary policy: MAS will therefore continue with the policy of a modest and gradual appreciation of the S$NEER policy band. However, the rate of appreciation will be reduced slightly. There will be no change to the width of the policy band and the level at which it is centred. This measured adjustment follows the move to reduce the rate of appreciation of the policy band in January this year, and is supportive of economic growth into 2016, while ensuring price stability over the medium term. A slight easing of policy from the MAS More: • Sees cyclical headwinds to ... (full story)