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Singapore Maintains Unchanged Monetary Policy
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The Monetary Authority of Singapore (MAS) decided to retain its monetary policy unchanged by maintaining the Nominal Effective Exchange Rate (S$NEER) to regulate inflation and economic growth. Despite the GDP growth of 2.7% in the first quarter, slightly below the expected 2.9%, Singapore's trade-dependent economy relies on its exchange rate against a currency basket for policy adjustments.
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How does Singapore's reliance on its exchange rate affect its trade relationships with other countries?
How might maintaining the monetary policy stability impact Singapore's inflation rate in the coming months?
What factors contributed to Singapore's GDP growth falling slightly below expectations?
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