MAS expected to tighten monetary policy on Tuesday to allow Singdollar to strengthen #CNA

MAS expected to tighten monetary policy on Tuesday to allow Singdollar to strengthen
Singapore’s central bank is widely expected to tighten monetary policy tomorrow, allowing the Singdollar to strengthen. This, according to 15 of 18 economists polled by Bloomberg. If so, it will be the first time that the Monetary Authority of Singapore has adjusted its monetary policy since April 2025. The Singapore Dollar Nominal Effective Exchange Rate (S$NEER) tracks the Singdollar against a trade-weighted basket of currencies from major trading partners. MAS does not reveal which currencies are in the basket or their weighting. Making the slope steeper allows the Singdollar to appreciate faster, while narrowing the band keeps the exchange rate more stable. Singapore uses this instead of interest rates primarily because total trade is more than three times its GDP.

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