MAS keeps Singdollar policy unchanged; sees core inflation easing to 2% by year-end

Quick Summary:

It said risks to Singapore’s inflation outlook are more balanced compared to July.

However, MAS bucked the global easing trend seen in the first interest rate cuts in four years by the US Federal Reserve, European Central Bank and Bank of England in the past few months.

The Monetary Authority of Singapore (MAS) said on Oct 14 that it will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate or S$Neer policy band, with no change to the width of the band or the level at which it is centred on.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMali

Topics: Economy Bank Singapore’s Core Cent Central Growth 2024 Price Inflation Singapore

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 08:30:17 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 756 words

Reading Time: 5 minutes read

Sentences: 32 lines

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Copyright Owner: © The Straits Times

News ID: 23028215

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