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MAS maintains monetary policy, cuts core inflation forecast to 1 - 2%

Weaker GDP growth and softening inflation among contributing factors

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Economists saw dovish tones in Friday's statement but stopped short of predicting an easing of policy in October, with most expecting the MAS to continue maintaining policy.

Singapore

THE Monetary Authority of Singapore (MAS) is holding steady on monetary policy but downgrading its forecast range for core inflation to between 1 and 2 per cent, it announced at its latest half-yearly monetary policy review on Friday.

Given the weak growth outlook and

sentifi.com

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