Commentary

MAS pause on hawkish monetary policy stance reveals where it sees growth heading

The MAS' pause in monetary policy is likely because the authority is increasingly concerned about growth, says the writer. ST PHOTO: JASON QUAH
New: Gift this subscriber-only story to your friends and family

SINGAPORE – Sometimes, non-reaction speaks louder than action.

The Monetary Authority of Singapore (MAS) made no changes to its policy stance in its statement on April 14. There were no changes to either the midpoint of the trade-weighted exchange rate, or to the width or slope of the policy band.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.