SINGAPORE: Inflation is expected to decrease as the central bank (MAS) kept its monetary policy steady on Oct 14.
Core inflation, excluding housing and transportation costs, is projected to drop to about 2% by the end of 2024.
MAS noted that Singapore’s economy continues to grow steadily, unless global demand weakens.
This is the sixth consecutive time that MAS has maintained its policy.
MAS will keep the current exchange rate policy for the Singapore dollar, which allows it to fluctuate against major trading partner currencies.
Last adjustment was made in October 2022, when it changed the mid-point of the policy band.
`
