Singapore keeps monetary settings unchanged, flags firm growth

FILE PHOTO: Stacked shipping containers at the port stand in Singapore. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation in its exchange rate-based policy band. — Bloomberg

SINGAPORE: Singapore's central bank kept its monetary policy settings unchanged on Thursday (Jan 29) and flagged upside risks to inflation and demand as the outlook for the city-state's economy remained resilient.

The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation in its exchange rate-based policy band.