Singapore's central bank keeps policy unchanged, as expected

FILE PHOTO: A view of the Monetary Authority of Singapore's headquarters in Singapore June 28, 2017. Picture taken June 28, 2017. REUTERS/Darren Whiteside/File Photo

SINGAPORE: Singapore's central bank on Friday left its monetary policy settings unchanged for the fifth consecutive time, as expected, as growth picks up and ahead of an expected year-end moderation in inflation.

The Monetary Authority of Singapore (MAS) said it expects the economy to strengthen over the rest of 2024, with growth coming in closer to its potential rate of 2-3%.