SINGAPORE: The city-state's central bank is expected to keep monetary policy on hold and allow the local dollar to rise at a “modest and gradual” pace against other currencies to help combat persistent inflationary pressures.
All 16 forecasters polled by Reuters expect the Monetary Authority of Singapore (MAS) to stand pat when it issues its half-yearly policy statement, keeping the Singapore dollar on its upward path with no change to the pace of appreciation. Full story
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Singapore expects to keep monetary policy on hold - Dailytimes.com.pk
