SINGAPORE: The Monetary Authority of Singapore ( MAS ) kept its , exchange rate- based monetary policy unchanged , on Friday ( Apr 12 ), in line with analysts ‘ expectations.
The central banks has held plan low for the third time in a row.  ,
The Singapore dollar nominal effective exchange rate ( S$ NEER ) policy band’s prevailing rate of appreciation was maintained in its monetary policy statement, and no changes would be made to its width or the center’s level.  ,
“MAS will closely monitor international and local economic developments, and remain diligent to threats to prices and growth”, the statement said.
All 11 Reuters-surveyed experts predicted that MAS would stick to monetary policy at this meeting.
MAS manages monetary policy by allowing the Singapore dollars to develop or devalue against the assets of the country’s major trading companions within the unknown S$ NEER group rather than using interest rates like other central banks.
To change plan, it changes the hill, half- level and diameter of the band.
Since October 2022, the northern bank has kept monetary policy unchanged by re-centering the midpoint of its channel.