Key facts
- The Monetary Authority of Singapore (MAS) has tightened its monetary policy.
- This is the second policy tightening by the MAS in the past three months.
- The MAS manages monetary policy by adjusting the slope of the Singapore dollar's nominal effective exchange rate (S$NEER) policy band.
Singapore's central bank has tightened its monetary policy for the second time in three months, signaling a continued focus on controlling inflation. The Monetary Authority of Singapore (MAS) manages monetary policy through the exchange rate, adjusting the slope of the Singapore dollar's nominal effective exchange rate (S$NEER) policy band. This move indicates the MAS's commitment to price stability amidst global economic uncertainties.