On March 30, the Monetary Authority of Singapore (MAS) dropped its Monday’s Monetary Policy Statement (MPS) announcing an easing of monetary policy in light of the impact of the global COVID-19 pandemic. This MPS which is usually announced two times a year in April and October was announced ahead of time this year. MAS will make adjustments to S$NEER in a bid to manage the Singapore Dollar (SGD) and stabilise prices. If all this sounds like Greek to you, you’re not alone. We will be breaking down everything the jargon to help you gain a better understanding of this situation and its impact on Singaporeans and the economy. TL;DR: All You Need to Know About S$NEER, Why it Matters to Singapore’s Economy and MAS’ Latest Measures What is S$NEER? Why Does Singapore Use S$NEER and the Management of Exchange Rate as a Monetary Policy Tool? How the Singapore...