MAS eased monetary policy as it lowered its forecast for core inflation in 2025 to 1 per cent to 2 per cent. - ST
SINGAPORE: Singapore’s central bank tweaked its monetary policy stance to favour a more gradual appreciation of the Singapore dollar, saying it now expects core inflation in 2025 to be lower than projected.
The Monetary Authority of Singapore (MAS) said on Jan 24 that it will reduce the prevailing rate of appreciation in the value of the Singapore dollar versus a basket of currencies of its major trading partners. MAS refers to this value as the Singdollar nominal effective exchange rate (S$Neer).
