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

October 14, 2024, 07.55 AM
Singapore Central Bank Keeps Monetary Policy Unchanged as Growth Picks Up in Q3

ILUSTRASI. Singapore's central bank on Monday left its monetary policy settings unchanged.REUTERS/Darren Whiteside/File Photo

Source: ReutersEditor: Herlina Kartika Dewi

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.

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