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OverviewAPI
The Monetary Authority of Singapore (MAS) has opted to maintain its unchanged monetary policy for the fourth consecutive time to address inflation and cost pressures, projecting GDP growth between 1%-3% for 2024. Core inflation is initially expected to be high due to factors like GST and energy tariff hikes but is anticipated to cool down later. MAS will closely monitor global and domestic economic conditions for potential risks to inflation and growth.

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