Singapore to forge on with economic recovery, c.bank on hold

Singapore has fully vaccinated about 83% of its 5.45 million people against the virus but reimposed some coronavirus restrictions to buy time to prepare to live with the disease.

SINGAPORE: Singapore's economy will stay on its recovery path in the third quarter but the global spread of the Delta coronavirus variant has clouded the outlook and will likely prompt the central bank to stay on hold, a Reuters poll showed.

Eleven of 13 economists forecast the Monetary Authority of Singapore will make no changes to its policy settings on Oct. 14. Two expect the MAS to tighten slightly and begin normalising its policy, in line with other central banks.