Economy Watch

Rising prices despite uneven recovery put S'pore monetary policy decision on a cliffhanger

The policy goal of the Monetary Authority of Singapore is to achieve medium-term price stability. PHOTO: ST FILE
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SINGAPORE - Signals of rising inflationary pressures have provoked dissent against market consensus that the central bank will keep Singapore's monetary policy easy well into next year amid an uneven and uncertain economic environment.

The policy goal of the Monetary Authority of Singapore (MAS), which is set to update its policy stance on Oct 14, is to achieve medium-term price stability, which it views as a sound basis for sustainable economic growth.

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