Singapore keeps monetary policy unchanged as growth picks up pace in Q3

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SINGAPORE: Singapore's central bank on Monday left its monetary policy settings unchanged, as expected, as data showed the economy picked up pace in the third quarter and policymakers expressed optimism about the 2025 outlook.

Core inflation has tapered from a peak of 5.5% in early 2023, and hit a 2-1/2 year low of 2.5% in July before edging up to an annual 2.7% in August.

"Barring a weakening in global final demand, the economy should continue to expand at a steady pace and keep close to its potential path in 2025," the central bank said.

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Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: GDP MAS /Business/Business News Banking Monetary policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 09:55:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 448 words

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News ID: 23028682

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