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MAS eases monetary policy 'slightly' for first time in 3 years

Amala Balakrishner
Amala Balakrishner10/14/2019 10:49 AM GMT+08  • 4 min read
MAS eases monetary policy 'slightly' for first time in 3 years
SINGAPORE (Oct 14): The Monetary Authority of Singapore (MAS) has eased the monetary policy “slightly” – the first easing in over three years – amid slowing economic growth.
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SINGAPORE (Oct 14): The Monetary Authority of Singapore (MAS) has eased the monetary policy “slightly” – the first easing in over three years – amid slowing economic growth.

In its latest half-yearly monetary policy review on Monday, MAS said it is reducing the rate of the Singapore dollar’s appreciation.

The slope of the Singapore dollar nominal effective exchange rate (S$NEER) will be reduced, but the width of the policy band and the level at which it is centered remain unchanged.

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