MAS leaves current policy stance unchanged on weaker Singapore economy

SINGAPORE (Oct 14): As largely expected, the Monetary Authority of Singapore (MAS) will be maintaining the rate of appreciation of the Singapore dollar (SGD) nominal effective exchange rate (NEER) policy band at 0%.

(See also: Singapore seen holding monetary policy, saving tools for 2017)

The slope of the SGD NEER policy band was reduced to 0% by MAS in April 2016, given a more modest outlook for economy growth in the year.  

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