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MAS eases monetary policy 'slightly' in October

Economists say the move - MAS' first easing in three years - signals another possible easing in April 2020

Janice Heng

Published Mon, Oct 14, 2019 · 09:50 PM

Singapore

THE Monetary Authority of Singapore (MAS) has eased monetary policy "slightly" in its half-yearly monetary policy review on Monday, in a move that economists see as leaving the door open for another possible easing in April 2020.

The slope of the Singapore dollar nominal effective exchange rate (S$NEER) band was made less steep, slightly reducing its rate of appreciation. The band's width and the level at which it is centred are unchanged.

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