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Singapore c.bank: monetary policy appropriate

Published 02/18/2010, 07:23 PM
Updated 02/18/2010, 07:27 PM

SINGAPORE, Feb 19 (Reuters) - Singapore's central bank said on Friday its monetary policy remained appropriate for now and the next review will be, as scheduled, in April.

"MAS's monetary policy stance as conveyed in the October monetary policy statement remains appropriate at this juncture," the Monetary Authority of Singapore said in a statement.

It said the main sources of price pressures will likely come through imports. Excluding cars, other domestic sources of inflation will continue to be restrained until at least the first half of the year, the central bank said. (Reporting by Saeed Azhar and Fabian Ng; Editing by Jan Dahinten)

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