MAS holds policy on back of stubborn core inflation

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) reaffirmed its monetary policy stance today, as headline CPI inflation looks set to "stay subdued" throughout this year and into 2015.

In the central bank's semi-annual monetary policy statement, it said it would "maintain its policy of a modest and gradual appreciation" of the Singapore dollar nominal effective exchange rate (S$NEER) policy band.

MAS – tasked with promoting sustained, non-inflationary economic growth – expects the economy to continue gr

To continue reading...