MAS policy holds steady for medium-term price stability

The central bank said its current policy settings remain "appropriate."

The Monetary Authority of Singapore (MAS) retained the prevailing rate of appreciation of the S$NEER policy band and the width and level at which it is centred.

In its April monetary policy statement (MPS), MAS said the current monetary policy settings remains “appropriate” and is “needed to keep a restraining effect on imported inflation as well as domestic cost pressures, and is sufficient to ensure medium-term price stability.”

“The Singapore economy is expected to strengthen over 2024, with growth becoming more broad-based. The slightly negative output gap is projected to narrow further in H2 2024, even as underlying inflationary pressures gradually dissipate,” the MAS said.

“MAS Core Inflation is likely to remain elevated in the earlier part of the year but should stay on its broadly moderating path and step down in Q4, before falling further into 2025,” the central bank added.

Follow the links for more news on

MAS

Monetary Authority of Singapore

monetary policy

Also Read

S'pore, Indonesia explore carbon capture opportunities

Economists cut 1Q24 GDP forecast amid weak March manufacturing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit