SINGAPORE, 14th October, 2024 (WAM) – Singapore's central bank on Monday left its monetary settings unchanged, as expected, as data showed the economy perked up in the third quarter, though analysts are betting on a loosening in policy early next year to guard against external risks.
Reuters quoted the Monetary Authority of Singapore (MAS) as saying that it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate.