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MAS to continue with 'relatively accommodative' monetary policy in 2021: Fitch Solutions

Felicia Tan
Felicia Tan8/5/2021 11:56 AM GMT+08  • 2 min read
MAS to continue with 'relatively accommodative' monetary policy in 2021: Fitch Solutions
The team at Fitch expects 2021 GDP growth to rebound beyond the trend levels to 6.1% due to the low base effects in 2020.
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The Monetary Authority of Singapore (MAS) is expected to keep its “relatively accommodative” policy settings on hold for the rest of 2021, says Fitch Solutions.

This is to avoid derailing the ongoing economic economy, which is “not as strong” as seen due to the low base effects in 2020.

Certain sectors – especially travel and travel-related ones – are likely to remain under pressure and will continue to weigh on the economy, considering travel restrictions are unlikely to be lifted till later in the year.

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