Singapore: MAS keeps monetary policy unchanged
|The Monetary Authority of Singapore kept the width of the policy band and the level at which it is centred unchanged today, Reuters reports.
Headlines via Reuters
MAS says will maintain the rate of appreciation of the s$neer policy band at zero pct
The current policy band provides some flexibility for the s$neer to accommodate the near-term weakness in inflation and growth
MAS assesses that a neutral policy stance will be needed for an extended period to ensure medium-term price stability
MAS will continue to closely monitor economic developments as they evolve over the coming months
MAS says cpi-all items inflation has troughed and is expected to come in at 0.5-1.5% in 2017
Says over the medium term, core inflation is still expected to trend towards but average slightly below 2%
Says although mas core inflation is projected to rise from around 1% in 2016 to 1-2% in 2017, the ascent will be gradual
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