MAS policy stance unchanged despite falling growth

Singaporean government cuts growth forecasts as analysts predict October rate cut

Monetary Authority of Singapore
The Monetary Authority of Singapore
George Johnson

Singapore’s central bank has said it will not consider changing its monetary policy stance despite the government sharply cutting its GDP growth forecast.

The country’s Ministry of Trade and Industry announced it was lowering its GDP growth forecast for 2019 to a range of 0% to 1%. It had previously forecast GDP growth of 1.5% to 2.5%.

On a quarter-on-quarter, seasonally adjusted and annualised basis, the Singapore economy contracted by 3.3%, a reversal from the 3.8% growth in the first

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.