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DBS flags Singapore fiscal support and MAS tighter SGD NEER band

DBS Group Research links Singapore’s SGD900 million fiscal package with MAS’s calibrated NEER tightening to help counter inflation and imported cost pressures.

Reported · Written up by our desk · Central Banks

DBS Group Research economist Chua Han Teng said Singapore’s latest SGD900 million fiscal support package is being paired with Monetary Authority of Singapore policy to address inflation and imported cost pressures.

In an FXStreet Insights note, Teng highlighted MAS’s calibrated tightening of the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) band, describing the approach as complementary fiscal and monetary measures.

The analysis argues Singapore’s strong fiscal position can help support investor confidence and capital inflows while the policy mix aims to reduce cost pressures.

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