The central bank adjusts its policy via three levers: the slope, mid-point and width of the policy band, known as the Nominal Effective Exchange Rate, or S$NEER. The width of the policy band and the level at which it is centered will be unchanged. Singapore's dollar strengthened 0.2% after the policy decision and better-than-expected gross domestic product (GDP) data. Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. Singapore, which has brought its local virus situation under control and is rolling out vaccinations, is on a gradual recovery path after its worst ever recession last year.
The level at the center of the line of the policy is notFixed.
( z0 event :domain ( z1 level :location ( z2 center :part-of ( z3 line :mod ( z4 policy ) ) ) ) :polarity - )
(z0 / event
    :domain (z1 / level
                :location (z2 / center
                              :part-of (z3 / line
                                           :mod (z4 / policy-01))))
    :polarity -)
The level at the center of the line of the policy is notFixed .
z1 :location z2
z2 :part-of z3
z3 :mod z4
z0 :polarity 0
z0 :domain z1