Guided Answers - Monetary Policy
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Monetary Policy
MAS carries out the full range of central banking functions related to formulating and implementing monetary policy. The objective of monetary policy is to ensure price stability over the medium term as a basis for sustainable economic growth.
Monetary policy in Singapore is centred on managing the trade-weighted exchange rate. MAS carries out foreign exchange operations to ensure that the Singapore dollar nominal effective exchange rate remains within the policy band.
MAS also conducts money market operations to provide sufficient liquidity for a well-functioning banking system and to meet banks' demand for reserve and settlement balances.
Singapore's Monetary Policy Framework
Monetary policy in Singapore is centred on the exchanged rate. Learn more about our unique monetary policy framework.
MAS Monetary Policy Statements
MAS' regular monetary policy announcements, scheduled for release in April and October.
Macroeconomic Review
An assessment of developments in Singapore's economy which forms the basis for MAS' monetary policy decisions. Published twice a year, in conjunction with Monetary Policy Statement.
Consumer Price Development
Monthly updates of consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry.
Recent Economic Development in Singapore
A half yearly brief on the Singapore economy, which also discusses external developments pertinent to our assessment of near-term economic prospects.
MAS Survey of Professional Forecasters
A summary of forecasts of Singapore's key economic indicators by economists and analysts. Conducted quarterly following release of economic data.
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Central Bank Operations
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