Economy
MAS maintains unchanged monetary policy for fourth consecutive time
MAS’s decision to maintain its exchange rate-based monetary policy underscores stability. MAS Core Inflation rose marginally to 3.4% y-o-y in Jan-Feb, driven by factors like GST rate hikes and increased utility tariffs amidst higher input and labor expenses.
![](https://gutzymedia.s3.ap-northeast-2.amazonaws.com/wp/2023/10/17062439/MAS.jpg)
SINGAPORE: The Monetary Authority of Singapore (MAS) on Friday (12 April) announced that it will maintain its exchange rate-based monetary policy.
This marks the fourth consecutive time the central bank has kept its policy stable.
Nevertheless, underlying inflation is anticipated to moderate as global and domestic cost pressures ease. Wage growth is expected to moderate, and productivity improvements should further alleviate inflationary pressures.
Given the anticipated strengthening of the Singapore economy and a gradual moderation in inflationary pressures, MAS affirmed that current monetary policy settings are appropriate.
“The prevailing rate of appreciation of the policy band is needed to keep a restraining effect on imported inflation as well as domestic cost pressures, and is sufficient to ensure medium-term price stability,” said MAS.
![](https://gutzy.asia/wp-content/uploads/2023/10/Gutzy-Logo-whiteS.png)
-
Singapore3 days ago
Dr Tommy Koh: “INCOME and Fairprice should never be sold”
-
Business1 day ago
Concerns over conflict of interest and corporate governance arise in Income’s sale to Allianz
-
Singapore2 weeks ago
Youngest self-radicalised Singaporean and 33-yr-old former public servant issued restriction order under ISA
-
Comments2 weeks ago
Voters interviewed at West Coast GRC, expressed hope for PSP representation in Parliament
-
Singapore2 weeks ago
Singapore’s birth rates decline by 5.8% as total fertility rate drops below 1
-
International2 weeks ago
Attempted assassination at Donald Trump rally in Pennsylvania: Shooter and one attendee dead, two critically injured
-
Singapore1 week ago
AGO Report reveals lapses in MOE’s school projects; Police report filed over possible falsifications
-
Singapore2 days ago
NTUC Enterprise Chairman assures affordable insurance for lower-income customers amid Allianz deal concerns
Jiu hu kia and Bu….CROSSING OVER…LAUGHING LIKE MAD ALL THE WAY TO MAYBANK OR RHB Bank….EVERYDAY!😆😆😆😆😆🤣🤣🤣🤣🤣