Singapore's central bank left its monetary policy unchanged on Wednesday as the economy rebounded from a technical recession in the third quarter.
The Monetary Authority of Singapore decided to maintain a zero percent per annum rate of appreciation of the S$NEER policy band. The width of the policy band and the level at which it is centered will be unchanged.
Signaling that the policy will remain loose for an extended period, the central bank said an accommodative policy stance will remain appropriate for some time, as core inflation is set to stay long.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.