The Monetary Authority of Singapore is Singapore's central bank. An official says:
- current policy settings remain appropriate
- the prevailing rate of the exchange policy band is needed to continue restraining imported inflation and domestic cost pressures
Singapore dollar update:
Earlier:
Singapore's economy grew 2.7% year-on-year in Q1 2024
- preliminary (out last month) was 2.7%
- expected was 2.5%
- quickest in 18 months
