MAS conducts monetary policy based on sound economic analysis and careful surveillance. Find out about our monetary policy framework and central bank operations, and access our statements, reports and models. MAS carries out the full range of central banking functions related to formulating and implementing monetary policy. Monetary policy in Singapore is centred on managing the trade-weighted exchange rate with the objective to ensure price stability over the medium term as a basis for sustainable economic growth. Monetary policy in Singapore is centred on the exchange rate.
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The essay competition will encourage pre-tertiary students to think critically on current social issues such as the coronavirus outbreak, the representation of women in the economics profession, and to explore important intellectual debates, such as the role of history in economic development. In response to the COVID crisis, governments around the world have introduced huge stimulus packages. To what extent should societies be concerned about the short-term and long-term consequences of these policies?