Alvin Tan on MAS monetary policy instruments
The mandate of the Monetary Authority of Singapore (MAS) is to maintain price stability conducive to sustainable growth of the economy. It has full autonomy over the appropriate choice of monetary policy instruments and formulation of monetary policy, said Minister of State for Trade and Industry and MAS Board Member Alvin Tan. Replying to an MP’s question in Parliament on Tuesday (Mar 21), he said in the case for Singapore’s Official Foreign Reserves (OFR), MAS assesses how much OFR is needed for the purpose of implementing its monetary policy. It takes reference from internationally accepted measures of reserve adequacy, as well as the highly open nature of Singapore’s economy and financial markets.
The mandate of the Monetary Authority of Singapore (MAS) is to maintain price stability conducive to sustainable growth of the economy. It has full autonomy over the appropriate choice of monetary policy instruments and formulation of monetary policy, said Minister of State for Trade and Industry and MAS Board Member Alvin Tan. Replying to an MP’s question in Parliament on Tuesday (Mar 21), he said in the case for Singapore’s Official Foreign Reserves (OFR), MAS assesses how much OFR is needed for the purpose of implementing its monetary policy. It takes reference from internationally accepted measures of reserve adequacy, as well as the highly open nature of Singapore’s economy and financial markets.
Popular Shows
