Neutral policy stance needed for ‘extended’ period – MAS

MAS leave rates on hold at latest MPC meeting

The Monetary Authority of Singapore (MAS) has deemed that a neutral policy stance will be needed for an "extended period" to ensure medium-term price stability.

On October 14, the central bank's board made the decision to leave on hold the Singapore dollar nominal effective exchange rate, resisting the temptation move the band, despite weak GDP figures – the current policy band is deemed flexible enough to accommodate the near term "weakness" in inflation and growth, the MAS says.

"Over the

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