Planners closely watching fiscal, monetary policy as Singapore enters worst recession

"We are very mindful that, in order to be able to focus our resources on helping the workers who are newly displaced, it’s best if there is still a strong base of our workforce that remains in employment," she said."So that’s something that is actively being looked into."

The Singapore dollar nominal effective exchange rate has fluctuated close to the mid-point of its policy band since April, said Mr Robinson, who is also the MAS's chief economist. "Certain specific segments are a bit more stretched than normal, so this is something that central banks and regulators are keeping watchful vigilance over," Mr Robinson told the press.

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