MAS fears supply-side hindrance to growth and inflation
The Monetary Authority of Singapore (MAS) is wary of the risks threatening the country's recovery from "tepid and volatile" growth in recent months, but is optimistic that its tight monetary policy stance will keep inflationary pressures shackled.
In its latest Macroeconomic Review, released today, the MAS maintains its growth forecast of between 1% and 3% in 2013, despite quarter-on-quarter growth tumbling from 3.3% in the last quarter of 2012 to -1.4% in the first quarter of 2013.
While
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