MAS keeps monetary policy on hold for fifth time in a row; inflation expected to moderate

Quick Summary:

Reuters polled 10 analysts, and nine expected MAS to leave policy unchanged.

The central bank said it expects overall inflation to average 2 per cent to 3 per cent this year, down from the previous forecast of 2.5 per cent to 3.5 per cent.

Singapore's monetary policy is based on exchange rates, rather than interest rates like in other countries.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaMali

Topics: Singapore Band Monetary Core Policy Decline Cent Inflation Expected Year Prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 08:09:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 685 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21778988

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