S’pore may keep rates unchanged

If the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) are successful, they could lure billions of dollars of banking business and eventually create what could amount to thousands of jobs in Asia.

SINGAPORE: Singapore’s central bank is expected to keep its monetary policy settings unchanged at its October review, and is seen in no hurry to tighten as inflation remains subdued even as economic growth has picked up pace in the first half.

Sixteen of 17 analysts in a Reuters survey conducted from Monday through yesterday predicted the Monetary Authority of Singapore (MAS) would keep its exchange rate-based policy steady at its semi-annual review, due in October. One analyst expects the MAS to tighten.