Quick Takes: Singapore Q3 GDP and monetary policy review (amended)

ON Tuesday morning, the Monetary Authority of Singapore (MAS) lowered its 2014 forecast for headline inflation to 1-1.5 per cent and narrowed its core inflation forecast to 2-2.5 per cent, but retained its monetary policy stance.

The Ministry of Trade and Industry also released advance estimates showing that the Singapore economy grew 2.4 per cent in Q3, compared to a year ago. After seasonal adjustments, GDP rose an annualised 1.2 per cent from the previous quarter.

Here's what several private-sector economists and currency analysts had to say about the news.