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No off-cycle monetary policy move seen

Published Wed, Feb 24, 2016 · 09:50 PM

Singapore

AN off-cycle monetary policy adjustment won't be happening this time around, implied Singapore's central bank on Wednesday.

"Our next policy review will be as scheduled in April 2016," said Monetary Authority of Singapore (MAS) deputy managing director Jacqueline Loh.

She added that MAS's monetary policy stance remains "appropriate and unchanged" from its October 2015 statement. Ms Loh recapped how back then, the central bank had reduced the slope of the S$NEER (Singapore dollar nominal effective exchange rate) policy band slightly, in view of a slightly weaker-than-envisaged growth outlook fo…

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