KONTAN.CO.ID - SINGAPURA. Singapore's central bank said on Wednesday it will disclose more information on the actions it takes to implement monetary policy, including releasing data on foreign exchange intervention every six months. The Monetary Authority of Singapore (MAS) manages policy through exchange rate settings rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed policy band. "MAS has ... decided to disclose further information on its monetary policy operations, without compromising their effectiveness," the MAS said in a statement.
Singapore's central bank to increase monetary policy transparency
KONTAN.CO.ID - SINGAPURA. Singapore's central bank said on Wednesday it will disclose more information on the actions it takes to implement monetary policy, including releasing data on foreign exchange intervention every six months. The Monetary Authority of Singapore (MAS) manages policy through exchange rate settings rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed policy band. "MAS has ... decided to disclose further information on its monetary policy operations, without compromising their effectiveness," the MAS said in a statement.