The Monetary Authority of Singapore (MAS) has maintained its monetary policy for the fifth consecutive time, despite the strong local currency exchange rates easing price pressures. MAS said on Friday in a statement that it had kept the slope, width and center of the exchange rate range unchanged. This would enable Singapore's dollar to continue to appreciate and curb imported inflation. The main policy tool used by the MAS is exchange rates, not interest rates. The statement also said that unless there are new price shocks, the core inflation rate should continue to decline, falling to around 2% by 2025.
新加坡金管局维持货币政策不变 连续第五次按兵不动
The Monetary Authority of Singapore maintains its monetary policy unchanged for the fifth consecutive time.
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