MAS Has No Plans To Change Monetary Policy Before April

Source : Channel NewsAsia, 19 November 2007

The Monetary Authority of Singapore (MAS) said Monday it does not plan to change its monetary policy before its next review in April.

The MAS said its assessment is that the current policy stance is appropriate.

"As to whether we need an inter-meeting review that is not on the cards, obviously it is something that is not out of the question. But it's certainly not something that's planned for," said MAS deputy managing director Ong Chong Tee.

The MAS reviews its policy half-yearly, and at its last review last month, it allowed the Singapore dollar to appreciate at a slightly faster pace. - CNA/ac