[Singapore]
MAS Monetary Policy Statement - October 2020
MAS News, 14 Oct 2020
In the Monetary Authority
of Singapore (MAS)’s April 2020 Monetary Policy Statement, MAS set the rate of
appreciation of the S$NEER policy band at zero percent per annum, starting at
the then-prevailing level of the S$NEER. There was no change to the width of
the policy band. This policy stance was assessed to be appropriate given the
deterioration in economic conditions and weaker inflation outlook, and aimed to
complement fiscal, liquidity and financial policies in supporting the economy
through the COVID-19 downturn.
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