FILE PHOTO: The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore in this February 21, 2013 file photo. REUTERS/Edgar Su/File Photo
SINGAPORE, April 15 (Xinhua): The Monetary Authority of Singapore (MAS) has announced that it decided to further tighten monetary policy, in two ways.
According to the newly-published MAS Monetary Policy Statement, first, the authority will re-center the mid-point of the exchange rate policy band at the prevailing level of the Singapore dollar Nominal Effective Exchange Rate (S$NEER).
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