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COMMENTARY

MAS makes a habit of showing up the market

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In delivering the slightest of easings on Wednesday, the Monetary Authority of Singapore (MAS) reiterated a point which the market has stubbornly resisted: that its Singapore dollar policy is not a primary tool for boosting growth.

IN DELIVERING the slightest of easings on Wednesday, the Monetary Authority of Singapore (MAS) reiterated a point which the market has stubbornly resisted: that its Singapore dollar policy is not a primary tool for boosting growth.

Instead, it is targeted squarely at containing inflation

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