Singapore Central Bank Damps Speculation of Policy Easing
- Headline inflation may turn positive later this year, MAS says
- Central bank sticks to GDP growth forecast of 1%-3% for 2016
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Singapore’s central bank said its current monetary policy stance is appropriate and inflation may turn positive later this year, damping speculation of further easing.
“Unless there is a marked deterioration in the global economy or significant shift to the inflation outlook, there is no need to change the monetary policy stance,” Ravi Menon, managing director of the Monetary Authority of Singapore, told reporters on Monday at the release of the central bank’s annual report.