Singapore seen keeping monetary policy unchanged amid inflation risks

Quick Summary:

SINGAPORE: Singapore's central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook caused by geopolitical tensions.

The MAS has not changed policy since a tightening in October 2022, which was the fifth tightening in a row, as broader concerns about growth kept authorities sidelined.

Singapore is often seen as a bellwether for global growth as its international trade dwarfs its domestic economy.Growth slowed to 1.1% in 2023 from 3.8% in 2022.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Monetary policy MAS Banking /Business/Business News Monetary Authority of Singapore

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 16:12:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21747807

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 47 posts per day

Year Established: 1971

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News Last Updated: 38 minutes ago

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Publisher ID: #22

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