MAS makes rare policy tweak amid slowing global economy

MAS targets slower appreciation of Singapore dollar, the first such easing in more than three years


The Monetary Authority of Singapore (MAS) set a slightly lower appreciation rate for its key monetary policy target, the Singapore dollar nominal effective exchange rate (S$NEER), on October 14, its first easing measure in more than three years.

The move follows that of regional peers such as Indonesia, the Philippines and India, which have all loosened their monetary policies in the past few months amid slowing global economic growth.

“Growth had eased more significantly in Q2 2019 as the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: