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- MAS
- Monetary Policy Statements
Last revised date:
- 14 October 2020 INTRODUCTION 1. In its April 2020 Monetary Policy Statement (MPS), MAS set the rate of appreciation of the S$NEER policy band at zero percent per annum, starting at the then-prevailing level of the S$NEER. There was no change to the width of the policy band. This policy stance was assessed to be appropriate given the deterioration in economic conditions and weaker inflation outlook, and aimed to complement fiscal, liquidity and financial policies in supporting the economy through
- MAS
- Monetary Policy Statements
Last revised date:
- 13 October 2017 INTRODUCTION 1. In the April 2017 Monetary Policy Statement (MPS), MAS kept the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band at zero percent, with no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate in light of the modest outlook for growth and inflation. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2. Since the April 2017 MPS, the S$NEER has fluctuated
- MAS
- Speeches
Last revised date:
- Date: 12 May 1998 INTRODUCTION 1 I am happy to welcome you to this seminar jointly hosted by the World Bank's Economic Development Institute and the Monetary Authority of Singapore. The topic of the seminar is one that concerns all of us. Asia's recent experience highlights the vital importance of banking and financial system soundness to economic growth and development. What began as speculative attacks on a few regional currencies quickly became a full-fledged banking and financial crisis,
- MAS
- Speeches
Last revised date:
- Global growth has shown remarkable resilience despite mounting uncertainties. Growth this year is likely to be as strong as last year’s. And last year’s growth was the strongest since the global financial crisis. And Emerging Asian economies have been doing well. But the going will get tougher in the months ahead and going into 2019. Some slowdown in momentum is to be expected, following 12-18 months of strong growth What bears close watching are two headwinds emanating from the US and sweeping
- MAS
- Speeches
Last revised date:
- His Excellency U Win Shein, Union Minister, Ministry for Finance and Revenue, His Excellency U Kyaw Kyaw Maung, Governor, Central Bank of Myanmar, distinguished guests, ladies and gentlemen, good morning. A defining moment I am pleased to be here for this high-level seminar on financial liberalisation. This collaborative event is a clear testimony to two things: first, the commitment and resolve of the Myanmar government and central bank to modernise and develop the financial sector; and second,
- MAS
- Speeches
Last revised date:
- Distinguished guests, Ladies and gentlemen, Introduction 1 Good morning. It is my pleasure to join you today at FIA’s 6th Annual Asia Derivatives conference. To all our guests from overseas, I bid you a very warm welcome and I trust that you are having a pleasant stay in Singapore. 2010 Post Crisis Era 2 I would like to start by providing some quick highlights on how the Singapore’s financial sector thus far this year. Generally we have done well. In the second quarter of 2010, Singapore
- MAS
- Monetary Policy Statements
Last revised date:
- 14 October 2022 INTRODUCTION 1. In its July 2022 Monetary Policy Statement, MAS re-centred the mid-point of the Singapore dollar nominal effective exchange rate (S$NEER) policy band up to the then-prevailing level of the S$NEER. There was no change to the slope and width of the band. While Singapore’s growth momentum was expected to slow, MAS had assessed that it was prudent to tighten monetary policy further and lean against price pressures becoming more persistent. This was its fourth tightening
- MAS
- Notices
Last revised date:
- Rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group. This notice was cancelled with effect from 01 July 2021. Please refer to Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore for the rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group. Amendment Notes 01 Jul 2021 MAS Notice 639 dated 06 June 2007 (last revised on 21 September 2020) (267.3 KB) is cancelled. 01 Oct 2020
- PDPC
- Public Consultations
Last revised date:
- US-ASEAN Business Council 100 Beach Road, #22-04/05 Shaw Tower, Singapore 189702 Tel (65) 6339-8885 Fax (65) 6339-1982 July 16, 2019 Personal Data Protection Commission 10 Pasir Panjang Road #03-01 Mapletree Business City Singapore 117438 Re: Public Consultation on Proposed Data Portability and Data Innovation Provisions On behalf of the US-ASEAN Business Council1 (“US-ABC”) and its members, thank you for this opportunity to comment on the Personal
- MAS
- Media Releases
Last revised date:
- Singapore, 31 March 2020... The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Life Insurance Association (LIA), the General Insurance Association (GIA), and the Finance Houses Association of Singapore (FHAS), today announced a package of measures to help ease the financial strain on individuals and SMEs caused by the COVID-19 pandemic. The package of financial measures complements the initiatives in the Government’s Unity Budget and Resilience