MAS seen keeping monetary policy on hold on recovery hopes: Poll

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SINGAPORE (REUTERS) - Singapore's central bank will likely keep policy settings steady in October on hopes the economy will recover as the financial hub further loosens coronavirus curbs and on expectations fiscal policy will be the main driver of a rebound, a Reuters poll showed.. Read more at straitstimes.com.

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SINGAPORE - Singapore's central bank will likely keep policy settings steady in October on hopes the economy will recover as the financial hub further loosens coronavirus curbs and on expectations fiscal policy will be the main driver of a rebound, a Reuters poll showed.

It comes as the transport and tourism hub faces its biggest downturn ever, as the coronavirus pandemic is seen wiping out years of economic expansion. Singapore's central bank manages monetary policy through exchange rate settings, letting the local dollar rise or fall against the currencies of its main trading partners within an undisclosed band.

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