How does the NEER policy band work?

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How does the NEER policy band work?

Kamendra kumar 6th Dec, 2022

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Kamendra kumar 6th Dec, 2022

To provide medium-term price stability, the NEER varies within a policy band that has been established. For the NEER to remain within the policy band, the Monetary Authority of Singapore (MAS) engages in foreign exchange intervention operations.

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