Singapore Central Bank Keeps Monetary Policy Unchanged as Growth Picks Up in Q3

MACROECONOMICS - SINGAPORE. Singapore's central bank on Monday left its monetary policy settings unchanged, as expected, as data showed the economy picked up pace in the third quarter.

The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate, or S$NEER.