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MAS likely to keep Sing$ policy stance tight even as major central banks flag possible rate cuts
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Singapore’s currency-led monetary policy settings are designed to absorb a sizeable portion of import costs.
PHOTO: ST FILE
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SINGAPORE – In late 2021, Singapore was among the first few countries to declare war against inflation. But even after achieving quite a bit of success in limiting the pace of price gains, recent data shows that the fight is far from over.
Hence, the Monetary Authority of Singapore (MAS) is most likely to maintain a tight policy stance that favours faster appreciation of the Singapore dollar at its next quarterly policy meeting expected on April 12.
