The Monetary Authority of Singapore kept its Monetary PolicyMonetary Policy refers to the set of central-bank actions used to influence money, credit, interest rates, and financial conditions. The term belongs in Level 7 because it helps...Read More unchanged at its October 14 review, maintaining the AppreciationAppreciation is an increase in the value of one currency compared with another currency. When a currency appreciates, it becomes stronger relative to the currency it is being...Read More rate, width and centre of the Singapore dollar nominal effective ExchangeDefinition An exchange is an organised marketplace where buyers and sellers can trade financial assets according to a common set of rules. Examples of assets traded on exc...Read More-rate policy band. The decision surprised economists who had largely expected further tightening following moves in April and July. MAS said economic growth should remain firm in the near term before moderating as the artificial-intelligence investment cycle cools. It forecast 2026 core InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More of 1.5% to 2.0% and expected inflation to ease more noticeably from mid-2027. Singapore sets monetary policy primarily through its Exchange RateDefinition An exchange rate tells you how much of one currency is needed to obtain one unit of another currency. It is the price relationship between two currencies. Ho...Read More rather than a benchmark interest-rate target.