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MAS: Current settings for exchange rate still 'appropriate'

Central bank thus sees no need to tweak the monetary policy, at least for now

Mr Menon: MAS expects the GDP growth rate to ease from 2018's 3.2% to nearly 2.5% for 2019, the mid-point of the forecast range.


The Monetary Authority of Singapore (MAS) is maintaining its monetary policy, and has indicated that the current settings for the trade-weighted exchange rate remaining appropriate.

Ravi Menon, the managing director of the Singapore central bank, said on Wednesday: "The...

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