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MAS catches market off-guard, sends Sing dollar soaring

Central bank says neither its growth nor inflation forecasts have changed since its off-cycle slope-reduction on Jan 28

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The Singapore dollar shot up on Tuesday, as the Monetary Authority of Singapore (MAS) caught the market off-guard for the second time in three months - this time by keeping the currency on the same "modest and gradual" appreciating path.

Singapore

THE Singapore dollar shot up on Tuesday, as the Monetary Authority of Singapore (MAS) caught the market off-guard for the second time in three months - this time by keeping the currency on the same "modest and gradual" appreciating path.

Defying expectations of a policy

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