Singapore’s central bank holds policy for first time since 2021

MAS warns of slowing economic growth for this year

Monetary Authority of Singapore
The Monetary Authority of Singapore
George Johnson

In a surprise decision, the Monetary Authority of Singapore kept its monetary policy unchanged today (April 14), after five straight tightening moves since October 2021.

The MAS, which uses the exchange rate as its main policy tool, maintained the slope, centre and width of the currency band. The last time it tightened its monetary policy settings was in October last year.

Only six out of 17 analysts polled by Reuters had expected the MAS to keep policy on hold. Most analysts had expected the

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