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Singapore central bank official says policy stance remains appropriate

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - Singapore's current monetary policy stance remains appropriate, a senior official for the Monetary Authority of Singapore (MAS) said on Friday, after second-quarter economic growth was revised much higher and exceeded analysts' expectations."The GDP forecast range for this year has been narrowed to 2-3 percent, which is within the planning parameters of the MAS's April 2017 monetary policy decision. Accordingly, the monetary policy stance remains as announced in April," MAS deputy managing director Jacqueline Loh told reporters. The MAS kept its exchange-rate based ...

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First Published: Fri, August 11 2017. 09:24 IST
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