Monetary Authority of Singapore Maintains Neutral Policy Stance, S$NEER at 0%
Singapore | 13th October 2017
Monetary Authority of Singapore (MAS) had indicated in the October 2016 Monetary Policy Statement (MPS) that the neutral policy stance would be appropriate for an extended period.
Given the economic outlook at this stage and consistent with medium-term price stability, MAS will maintain the rate of appreciation of the S$NEER policy band at zero percent. The width of the policy band and the level at which it is centred will be unchanged.
” MAS Keeps S$NEER policy band at 0%”
The Singapore economy is likely to expand at a steady, but slightly slower, pace in 2018 compared to 2017. MAS Core Inflation is envisaged to be broadly stable throughout next year. Over the medium term, core inflation is expected to trend towards but average slightly below 2%.
Official Press Release by Monetary Authority of Singapore