Singapore keeps monetary policy unchanged as growth picks up pace in Q3

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

SINGAPORE: Singapore's central bank on Monday left its monetary policy settings unchanged, as expected, as data showed the economy picked up pace in the third quarter and policymakers expressed optimism about the 2025 outlook.

The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate, or S$NEER.