The Monetary Authority of Singapore (MAS) has decided to maintain its current monetary policy stance as inflationary pressures ease in the country. This announcement comes as Singapore continues to grapple with the economic consequences of the ongoing COVID-19 pandemic.
The decision to keep monetary policy unchanged was announced by the MAS after its semi-annual policy meeting. The central bank stated that the current level of the Singapore dollar's nominal effective exchange rate remains appropriate and consistent with its mandate to maintain price stability.
