Singapore's central bank says monetary policy remains unchanged, appropriate

Monetary Authority of Singapore comments following the data release earlier

• Singapore Q1 GDP -4.7% q/q annualised and -0.7% y/y

Monetary policy settings, stance remains unchanged

• are appropriate
• sees jobs market worsening later in the year
• says no change to next meeting date, in October this year

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MAS monetary policy meetings are scheduled twice a year, once in April and once in October