Singapore keeps monetary policy unchanged, increases review frequency

Singapore's central bank on Friday kept monetary settings unchanged as inflation in the city-state moderated and economic growth beat expectations.

In a move that surprised economists, the Monetary Authority of Singapore said it would shift to a quarterly schedule of policy statements in 2024 from semi-annual.

"Against the external outlook, prospects for the Singapore economy are muted in the near term but should improve gradually in H2 2024," MAS said in a statement. Maybank economist Chua Hak Bin said the more frequent reviews were a positive and welcomed move for markets and analysts as they improve the communication and transparency of policy.

OCBC economist Selena Ling said the increased frequency was a reflection of how the global economic and geopolitical landscape is evolving.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

D.C.-area forecast: Wonderful weather through Friday, then a potentially rainy SaturdayWe’ll finish out the workweek in fine October style with a trio of beautiful days.
Read more »

Amazon deals you don’t want to wait until Black Friday forOnline shopping for the best deals on the internet.
Read more »

The Coffin Bar 'creaks' open Friday the 13th in LancasterA new bar perfectly concocted for the Halloween season opens Friday the 13th.
Read more »

Akron couple who loves horror films defies superstition, sets nuptials for Friday, Oct. 13Get City of Akron, Ohio breaking news, events, businesses, classifieds, sports, photos, videos and more. Comment on the news and join forum at cleveland.com.
Read more »

De La Salle vs. San Ramon Valley: Five keys to Friday’s huge football gameSRV coach says “I anticipate Danville to get pretty excited” about De La Salle’s visit on Friday night.
Read more »

Tulane vs Memphis Odds, Picks, and Predictions: Friday the 13th ScariesCollege football odds, picks and prediction for Tulane Green Wave vs Memphis Tigers. Week 7 betting free pick and game analysis.
Read more »