Monetary Authority of Singapore out with a statement 25 July 2016
- unless there is a marked deterioration in global economy or significant to inflation outlook there is no need to change mon pol stance
- not time yet to ease property cooling measures
- core inflation is likely to ave around 1% in 2016, rise this year will be milder than expected
- govt and MAS reviewing 1-3% growth forecast for 2016
- economy faces added uncertainty from recent developments in UK and EZ
USDSGD currently 1.3598
