Singapore to retain monetary policy, says MAS

The Monetary Authority of Singapore noted that interest rates are market-determined and that the current monetary policy stance remained appropriate.

 

An MAS spokeman said the monetary policy framework was based on managing the trade-weighted exchange rate.

"This means that, given the economy's openness to capital flows, domestic interest rates are strongly influenced by global liquidity conditions," he said.


The spokesman said the Singapore dollar interest rates had been low for some time due to historically low global interest rates.

"The major economies are keeping monetary policy loose for a sustained period in the face of a weak recovery from the 2008-09 recession," he said.

He emphasized that Singapore's domestic money markets continued to function in an orderly manner and MAS has had no need to undertake any extraordinary measures.

The full story is available at Bernama.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.