MAS will re-centre exchange rate policy band
Although the exchange rate policy band will be re-centred below the prevailing level of the S$NEER, there will be no change to the slope and width of the band.
According to the MAS, this adjustment takes into account the tighter policy stance adopted in April and October last year, which will continue to have a restraining effect on the economy and prices.
This policy will ensure price stability in the medium term while keeping growth on a sustainable path.