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

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The MAS' pause in monetary policy is likely because the authority is increasingly concerned about growth, says the writer.

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

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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.

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