The Monetary Authority of Singapore (MAS) wass widely expected to keep policy unchanged at its meeting. 10 of 14 analysts in a Reuters poll forecasting no adjustments to its exchange-rate based framework.

MAS maintained the prevailing rate of appreciation and kept the band’s width and centre unchanged.

more to come

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Data also released;

Singapore GDP Q3 2.9% y/y

  • expected 2.0%, prior 4.4%

+1.3% q/q

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The MAS, which manages policy through the slope, width, and midpoint of the Singapore dollar nominal effective exchange rate (SGD NEER) band, last left settings steady in July, maintaining the prevailing rate of appreciation and keeping the band’s width and centre unchanged.

Source: Investing Live