[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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