KONTAN.CO.ID - SINGAPORE. Singapore's central bank left its monetary policy unchanged on Wednesday and said its accommodative stance will remain appropriate for some time as the city-state's economy emerges from its coronavirus slump. The Monetary Authority of Singapore (MAS) manages policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed band. "As core inflation is expected to stay low, MAS assesses that an accommodative policy stance will remain appropriate for some time," MAS said in its semi-annual policy statement.
Singapore keeps monetary policy unchanged, accommodative stance to remain
KONTAN.CO.ID - SINGAPORE. Singapore's central bank left its monetary policy unchanged on Wednesday and said its accommodative stance will remain appropriate for some time as the city-state's economy emerges from its coronavirus slump. The Monetary Authority of Singapore (MAS) manages policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed band. "As core inflation is expected to stay low, MAS assesses that an accommodative policy stance will remain appropriate for some time," MAS said in its semi-annual policy statement.