Central Bank Operations and Liquidity Management

As part of the Monetary Authority of Singapore (MAS)'s monetary policy operations, MAS monitors reserve and liquidity conditions and conducts appropriate money market operations to ensure sufficient liquidity for the smooth operation of the banking system, and to provide stable market conditions for financial institutions and economic agents to operate in.

To facilitate the fine tuning of liquidity at the level of the banking system and the level of the individual bank, MAS operates the MAS Standing Facility (SF) and Intra-day Liquidity Facility (ILF). MAS also issues short term MAS Bills as part of its money market operations.

For historical SF rates, please click here.

Last Modified on 05/08/2015