Singapore leaves monetary policy settings unchanged
Core inflation likely to start falling in fourth quarter and continue next year, MAS says
The Monetary Authority of Singapore (MAS) kept its exchange rate-based monetary policy unchanged for the fourth consecutive meeting, citing the need to restrain price pressures.
In its monetary policy statement, the MAS said it would maintain the slope, mid-point and width of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. The MAS manages monetary policy by letting the Singapore dollar strengthen or weaken against the currencies of the country’s main trading partners
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