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MAS, MTI to review 1-3% growth forecast for 2016

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The Monetary Authority of Singapore (MAS) said on Monday that it, together with the Ministry of Trade and Industry (MTI), is reviewing the 1-3 per cent growth forecast for Singapore's economy this year.

THE Monetary Authority of Singapore (MAS) said on Monday that it, together with the Ministry of Trade and Industry (MTI), is reviewing the 1-3 per cent growth forecast for Singapore's economy this year.

Inflation, which has been low for long, is on a modest ascent, said MAS's managing director Ravi Menon at a press briefing. MAS has kept its forecast for consumer price index (all-items inflation) at -1 per cent to 0 per cent for 2016.

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