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Bloomberg
Singapore’s central bank signaled it would keep monetary policy unchanged for longer to complement a massive fiscal stimulus supporting the economy’s recovery.
The Monetary Authority of Singapore, which uses the exchange rate as its main tool rather than a benchmark interest rate, kept its policy settings unchanged, in line with economists’ forecasts. The slope of the currency band was left at 0%, and the width and center retained, implying the MAS won’t seek an appreciation in the currency.