SINGAPORE (July 1): The Monetary Authority of Singapore will keep its exchange rate-based monetary policy stance, signalling a status quo in line with that of the US Federal Reserve. This comes after two rounds of tightening by MAS last year, while keeping the status quo in April.

“MAS’ monetary policy stance remains appropriate against the backdrop of subdued inflation and weakening growth prospects,” said Ravi Menon, managing director of MAS, at a press briefing on June 27 at the release of its 2018/19 annual report.

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