For subscribers
Commentary
MAS pause on hawkish monetary policy stance reveals where it sees growth heading
Sign up now: Get ST's newsletters delivered to your inbox
The MAS' pause in monetary policy is likely because the authority is increasingly concerned about growth, says the writer.
ST PHOTO: JASON QUAH
Arup Raha
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.
