As the central bank of a leading global financial powerhouse, the Monetary Authority of Singapore’s (MAS) policy decisions can have a wide-ranging impact on the global economy and financial sector.
While Singapore is one of the richest countries in the world on a per capita basis, its economy is highly reliant on international trade. The city-state’s exports and imports of goods and services total more than three times its GDP, according to official data. This leaves it vulnerable to geopolitical tensions and disputes, which have been on the rise in recent years.