MAS keeps policy stance unchanged

The central bank's stance has remained the same for a year now.

Bloomberg reported that the Monetary Authority of Singapore, the nation’s central bank, has kept its policy stance unchanged for more than a year amid subdued price pressures and weak growth.

The MAS uses the exchange rate as its main tool and is scheduled to make its next policy decision in October.

This came as the Singapore's economic growth beat forecasts on strong trade rebound.

Read the rest of the story here.

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