Monetary Authority of Singapore says policy remains appropriate, MAS well placed on risks

Singapore central bank chief economist:

• Reaffirms that policy remains appropriate and Mas is well placed to respond to risks
• remains appropriate after accounting for factors affecting domestic growth and inflation
• says that a gradualist approach under conditions of uncertainty is useful as we update our assessment in a timely manner at our quarterly reviews

Earlier from Singapore:

• Singapore Q2 GDP +4.4% y/y (vs. 4.3% expected) & +1.4% q/q

This article was written by Eamonn Sheridan at investinglive.com.