Latest MAS easing move 'appropriate': IMF

It expects Singapore's growth to slow to 1.8 per cent this year before improving to 2.5 per cent in 2017

Published Tue, May 10, 2016 · 09:50 PM

Singapore

SINGAPORE'S central bank acted fittingly when it eased monetary policy last month, said the International Monetary Fund (IMF) on Tuesday.

"The April 14 adjustment by the Monetary Authority of Singapore (MAS) of the slope of its exchange rate band represents the latest of a series of moves to ease monetary policy that commenced in January 2015."

An IMF team which visited Singapore "views these moves as appropriate: growth is below two per cent, inflationary pressures are not present, labour market pressures are receding, and commodity prices, including for oil, are stabilizing globally", …