Monetary Policy in Singapore and the Global Financial Crisis

WHITHER MONETARY POLICY AFTER

THE CRISIS?

What are the implications of the global financial crisis for the conduct

of monetary policy in Singapore?

Clearly Singapore already had in place a number of safeguards to

help insulate the domestic financial system from the crisis as it

unfolded in the second half of 2008. The ability to access funds from

other central banks, such as the FED, if necessary through swap

arrangements was one of them. Also helpful was the ‘domestic’

Monetary Policy in Singapore and the Global Financial Crisis

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The FI measure takes into account the effects of the cyclical performance of the

economy on the budget.

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