What is the Monetary Authority of Singapores policy to help increase the value of the Singapore Dollar?
You can refer to Monetary Policy Singapore to get a glimpse of Singapore monetary policy, exchange rate policy, monetary policy operation. It was said that “The key objective of Singapore’s monetary policy is to maintain price stability for sustained economic growth. Since 1981, monetary policy in Singapore has been centred on the exchange rate. This reflects the fact that in the small and open Singapore economy where imports and exports amount to more than twice GDP, the exchange rate is the most effective tool in controlling inflation.”. So, the official key objective is to maintain price stability, rather than increase the value of Singapore dollar. MAS Monetary Policy Statement is semi-annual. Its latest statement (dated 14 Apr 09) says: “In our assessment, the current level of the S$NEER is appropriate for maintaining domestic price stability over the medium term, taking into account the prospects for growth in the Singapore economy. MAS will therefore re-centre the exchange rate
