Latest / Your Way Home with Hongbin Jeong
The Big Story: Can a stronger Sing Dollar help ease the cost of living pressures from the Iran conflict?
Singapore’s central bank on April 14 tightened its monetary policy stance for the first time since 2022 to allow for a stronger currency in the face of soaring oil and natural gas prices from the Iran war. The Monetary Authority of Singapore said it has steepened the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band – signalling that it will allow the currency to appreciate and dampen the impact of rising import costs. What this policy change could mean for the cost of living in Singapore? Will it meaningfully ease price pressures for households?…
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