Govt's real firepower to fight Covid-19 is fiscal stimulus: DPM

Singapore

MONETARY policy is important for Singapore to confront the Covid-19 pandemic, but the real firepower comes from the government's fiscal stimulus.

"Our monetary and fiscal policy need to complement each other. We look at how to maintain price stability and the conditions for longer term growth," said Deputy Prime Minister and Minister for Finance Heng Swee Keat on Monday.

Earlier in the day, in a widely expected move, the Monetary Authority of Singapore (MAS) eased its policy stance by setting the Singapore dollar's rate of appreciation at ze…

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