MAS keeps S$ on appreciating path

April 14, 2015 6:53 AM

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MAS keeps S$ on appreciating path

SINGAPORE's central bank has kept its monetary policy unchanged, keeping the Singapore dollar on a "modest and gradual" appreciating path, with no change to the slope and width of the policy band and the level at which it is centred.

Said the Monetary Authority of Singapore (MAS) on Tuesday morning: "The Singapore economy is evolving as envisaged in the January monetary policy statement. GDP is on track to grow at 2-4 per cent in 2015, and there is no change to the forecasts for CPI-All Items inflation and MAS Core Inflation. Ex...

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