Central bank expected to hold monetary policy.

By bne IntelliNews October 12, 2010
Singapore is likely to maintain its monetary policy stance of modest and gradual appreciation of its dollar as a slowing of the global economic recovery keeps a lid on prices. As reported by Reuters News, the Monetary Authority of Singapore (MAS) tightened policy by moving the centre of its Singapore dollar policy band upwards and shifting its policy to modest and gradual appreciation for the currency in April on the back of annual double-digit economic growth in the first quarter.

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