Singapore central bank keeps policy unchanged, says growth could slow in 2018

  • Economy
  • Friday, 13 Oct 2017

SINGAPORE: Singapore's central bank kept its monetary policy unchanged on Friday, even as third-quarter economic growth exceeded market expectations, saying the economy could moderate next year as the global recovery enters a more mature phase.

The Monetary Authority of Singapore (MAS) said it would maintain the rate of appreciation of the Singapore dollar's policy band at zero percent, adding that the width and the level at which it is centred will be unchanged.