Singapore’s central bank chose to keep its monetary policy unchanged on Friday.
The Monetary Authority of Singapore said it will maintain the rate of gratitude of the S$ NEER policy band at no percent. The bank also kept the width of the policy band and the level at which it is centred.
This policy stance was assessed to be appropriate in light of the moderate outlook for development and inflation, the bank said.
The MAS uses the currency exchange rate versus a basket of currencies within an undisclosed band as its financial policy tool. The central bank holds monetary policy meeting two times a year.
The bank anticipated the city-state economy to grow at the upper half of the 2-3 percent variety in 2017.
In 2018, financial growth is anticipated to remain firm though it could moderate from this year.
Headline inflation is anticipated to come in at around 0.5 percent this year, and stay in the variety of 0-1 percent in 2018. MAS core inflation is likely to be stable in the near term.
The material has been offered by InstaForex Company – www.instaforex.com