Quarterly monetary decisions are valuable even if – or precisely when – they bring no change
THIS year, the Monetary Authority of Singapore (MAS) moved to a quarterly schedule for its monetary policy decisions, adding two more scheduled meetings in January and July, on top of its existing meetings in April and October.
The decision might have seemed surprising, given that the central bank has not touched policy settings since October 2022.
Indeed, this January’s decision – as economists expected – saw no change to the policy band for the Singapore dollar nominal effective exchange rate (S$NEER).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
S-chip IPOs may be coming again, but don’t count on investors getting too excited
London watchdog’s name-and-shame plan is mad, bad and dangerous to the City
Foxconn’s musical chairs sound like punk rock
Asset owners can’t afford to sidestep sustainability
Japan should leave the yen bazooka at home
UK and France forge new alliance over backing Ukraine – and aim to bring Nato with them