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- MAS
- Monetary Policy Statements
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- 14 July 2022 INTRODUCTION 1. Since October 2021, MAS has been progressively tightening monetary policy as the economic recovery consolidated and inflationary pressures picked up. MAS has assessed that it is appropriate to further tighten its monetary policy stance so as to lean against price pressures becoming more persistent. 2. In October last year, MAS slightly increased the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band as a pre-emptive move
- MAS
- Media Releases
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- Singapore, 4 November 2022… The Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and Development Bank Ghana (DBG) Bank of Ghana is the central bank of Ghana and Development Bank Ghana is a development financial institution set up in 2022 to provide long-term lending to Small and Medium Enterprises. today signed a Memorandum of Understanding (MOU) to develop the Ghana Integrated Financial Ecosystem (GIFE). The GIFE aims to enhance financial capabilities and access for micro, small and medium
- MAS
- Media Releases
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- Date: 22 Feb 2001 1 INTRODUCTION 1.1 In July last year, the MAS signalled its intent to allow a gradual, modest appreciation of the Singapore dollar on a trade-weighted basis. The economy had rebounded strongly from the Asian financial crisis, and growth momentum was likely to be sustained by a favourable external environment. At the same time, CPI inflation was expected to pick up, as the labour market tightened and wage pressures increased, and the effects of higher commodity prices filtered
- MAS
- Speeches
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- Distinguished guests Friends and Fellow Singaporeans 1 I congratulate the SICC (Singapore International Chamber of Commerce) on your 170th Anniversary. You are one of Asia’s oldest chambers of commerce, and have contributed much to Singapore’s development. 2 Ten years ago, in May 1997, I spoke at your 160th Anniversary Dinner. Little did I know then that within months, the Asian Financial Crisis would erupt and devastate many countries in Asia, plus a few outside. Singapore suffered collateral
- MAS
- Monetary Policy Statements
Last revised date:
- 22 February 2001 INTRODUCTION 1.1 In July last year, the MAS signalled its intent to allow a gradual, modest appreciation of the Singapore dollar on a trade-weighted basis. The economy had rebounded strongly from the Asian financial crisis, and growth momentum was likely to be sustained by a favourable external environment. At the same time, CPI inflation was expected to pick up, as the labour market tightened and wage pressures increased, and the effects of higher commodity prices filtered through
- MAS
- Monographs/Information Papers
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- Information on MAS’ risk-based supervision of financial institutions, including how MAS assesses the impact of financial institutions, the use of the Comprehensive Risk Assessment Framework and Techniques (CRAFT) to assess their risks, and framework for identifying and supervising domestic systemically important banks (D-SIBs) in Singapore. Resources: MAS' Framework for Impact and Risk Assessment of Financial Institutions - A Guide for Senior Executives MAS FRAMEWORK FOR IMPACT AND RISK ASSESSMENT
- MAS
- Monetary Policy Statements
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- 30 March 2020 INTRODUCTION 1. In its October 2019 Monetary Policy Statement, MAS reduced slightly the rate of appreciation of the S$NEER policy band. There was no change to the width of the policy band and the level at which it was centred. The measured adjustment to the policy stance was assessed to be appropriate given muted inflationary pressures. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2. Between October 2019 and late January this year, the S$NEER hovered near the upper bound of the
- MAS
- Monetary Policy Statements
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- 2 January 2002 INTRODUCTION 1 In July 2001, MAS shifted to a neutral exchange rate policy stance, with the policy band reflecting a zero percent appreciation of the trade-weighted nominal effective exchange rate (S$NEER). Prospects for the Singapore economy had worsened significantly in the second half of last year, dragged down by the deterioration in the external economic environment, especially the sharp downturn in the global IT cycle. Inflation also trended down in 2001, reflecting the fall-off
- MAS
- Consultations
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- MAS has proposed amendments to the Payment Services Regulations 2019 and existing notices applicable to payment service providers, as well as new proposed regulations on exemptions for a specified period. MAS invites feedback from any interested parties on these proposed amendments, which will operationalise the amendments made to the Payment Services Act 2019, after the passing of t he Payment Services (Amendment) Bill in January 2021. Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed
- MAS
- Economic Essays
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- By the Economic Policy Group, Monetary Authority of Singapore This study was published as Special Feature A in the April 2022 Macroeconomic Review. 90 Macroeconomic Review | April 2022 Special Feature A Invoicing Currency in Singapores Merchandise Imports In contrast with the standard assumption that goods exports are always priced in the home currency of the producing firm, empirical research has shown that they are often priced in the destination countrys