The Monetary Authority of Singapore (MAS) has eased monetary policy for the first time since March 2020, citing slower growth and easing inflation. The central bank revised its core inflation forecast and slightly reduced the slope of the Singapore dollar policy band while keeping other parameters unchanged.
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Singaporeans should NOT be mistaken and feel proud of the currency exchange BECAUSE the “Benefits” of Cheaper Imports are NOT passed down to Singaporeans example eaten away by the “Enterprise created internal inflations” and Only serves to benefit the Rich at the expense of the hardships of ordinary Singaporeans.
In case any one of you are in doubts, just compare prices across the border OR the price of your petrol.
MAS is manipulating FX. SG is a currency manipulator. There must be punishment by global body.
Whole world already lowered interest rate many times last year, Sinkapore MAS is sleeping.