Luz Wendy Noble
The central bank wants to ensure medium-term price stability.
The Monetary Authority of Singapore (MAS) revealed that it will slightly increase the pace of the country’s currency appreciation. They noted that the move which will be in line with the modest and gradual appreciation path of their S$ nominal exchange rate (S$NEER) policy will ensure ‘medium-term’ price stability.
Back in April, MAS also made the S$NEER inch up slightly from the previous 0%.
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