Singapore’s First Monetary Easing Since 2020 – Currency Thoughts
Singapore’s First Monetary Easing Since 2020
January 24, 2025
The Monetary Authority of Singapore, which subordinates interest rate policy to an exchange rate policy, loosened its monetary policy today. The central bank’s policy consists of a trading corridor for the trade-weighted Singapore dollar, defined by the slope, width and midpoint of target. Officials reduced the trading band’s slope but left the midpoint and width unchanged. Today’s action was the first modification since a policy tightening in October 2022 and the first easing since the pandemic year of 2020. Policy had been tightened in April, July and October 2022.
Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Monetary Authority of Singapore
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