Singapore surprises with pause in tightening cycle
MAS says decision made against backdrop of rising inflation, but expects price growth to slow next year
The Monetary Authority of Singapore (MAS) has paused its tightening cycle, in a move that surprised financial market observers.
In a statement today (October 14), the MAS said it was keeping the Singapore dollar on its current appreciating path. It said there would be no change to the width of the trade-weighted currency exchange band, known as the Singapore dollar nominal effective exchange rate index (S$NEER) policy band, or the level at which it is centred.
The central bank’s decisions
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