14 Oct '16, 12am

Singapore: MAS keeps monetary policy unchanged

The Monetary Authority of Singapore kept the width of the policy band and the level at which it is centred unchanged today, Reuters reports. Headlines via Reuters MAS says will maintain the rate of appreciation of the s$neer policy band at zero pct The current policy band provides some flexibility for the s$neer to accommodate the near-term weakness in inflation and growth MAS assesses that a neutral policy stance will be needed for an extended period to ensure medium-term price stability MAS will continue to closely monitor economic developments as they evolve over the coming months MAS says cpi-all items inflation has troughed and is expected to come in at 0.5-1.5% in 2017 Says over the medium term, core inflation is still expected to trend towards but average slightly below 2% Says although mas core inflation is projected to rise from around 1% in 2016 to 1-2% in 2017, ...

Full article: https://www.fxstreet.com/news/singapore-mas-keeps-monetar...

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