Economics
Singapore Central Bank Gives Itself Room to Tighten in 2018
- Economy seen growing at slower pace next year from 2017
- Core inflation seen averaging slightly below 2% in medium term
Singapore's 3Q GDP Rose 4.6 Percent on Year
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Singapore’s central bank left its neutral policy stance unchanged on Friday, without re-committing that it remains appropriate for an extended period, giving itself room to tighten next year if necessary.
After easing three times between January 2015 and April last year, the Monetary Authority of Singapore stuck to its neutral stance of zero appreciation in the currency, in line with the forecasts of all but one of the 23 economists surveyed by Bloomberg. The MAS is the only central bank in a major developed nation to use the exchange rate as its main tool.