MAS holds policy while warning of potential AI-related shocks
Singapore’s central bank increases inflation estimates and predicts resilient growth
The Monetary Authority of Singapore (MAS) has held policy and said domestic and global economic growth should continue. However, the central also warned that an “abrupt pullback” in global investments in artificial intelligence still constituted a significant downside risk.
In a statement on January 29, the MAS said it expected Singapore to continue experiencing the strong growth it had seen last year. It also projected that inflation would rise at a slightly higher pace than its previous
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