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Singapore's Monetary Policy Direction

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The Monetary Authority of Singapore has maintained its stance on monetary policy, leaving the currency band unchanged. MAS also retained its 2024 core inflation projection of 2.5% to 3.5%, despite a 1% increase in the GST to 9%. Khoon Goh, Head of Asia Research at ANZ helps us analyse this development.

Image credit: Shutterstock.com

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