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MAS’ monetary policy pause sounds alarm on worsening global outlook
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MAS’ assessment of the global outlook was markedly downbeat last Friday when it pivoted from the fight against inflation, says the writer.
PHOTO: ST FILE
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SINGAPORE – A surprise pivot by Singapore’s central bank on its monetary policy stance shows the global economy has taken a turn for the worse.
Singapore’s dependence on global growth goes without saying. But it also makes its central bank’s call on the health of the world economy and its implications for trade-driven domestic growth pretty accurate.
