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MAS expected to keep neutral stance on Singdollar amid sluggish economy

Amala Balakrishner
Amala Balakrishner10/16/2020 07:00 AM GMT+08  • 3 min read
MAS expected to keep neutral stance on Singdollar amid sluggish economy
MAS stands pat on Singdollar citing likely recovery in Singapore’s economy in 2021
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The Singapore dollar is expected to end the year at 1.35 or 1.36 against the US dollar, before strengthening to 1.31 or 1.32 by end 2021, market watchers say.

This is despite Monetary Authority of Singapore (MAS), the republic’s central bank, warning of a weak underlying growth momentum as well as expectations of core inflation to stay low.

Core inflation, which gauges price increments in sectors other than accommodation and private transport, is expected to range between –0.5% and 0% this year, before rebounding to between 0% and 1% in 2021. Core inflation is one of the gauges MAS considers when making its monetary policy decision.

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