Singapore GDP Beats Estimates; MAS Keeps Monetary Settings Steady

Singapore GDP Beats Estimates; MAS Keeps Monetary Settings Steady

Assessment

Interactive Video

Business

University

Hard

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The video discusses the central bank of Singapore's policy announcements, typically scheduled in April and October, with unscheduled meetings since October 2021. The bank has tightened policy five times but kept it unchanged in recent meetings, indicating a need for flexibility due to market uncertainties. Economic growth is fragile, with China's economy faltering and Singapore's exports contracting. Tensions in the Middle East and high oil prices pose additional challenges. Quarterly reviews could offer more flexibility in monetary decisions. Despite expectations, Singapore's third-quarter GDP showed resilience, potentially allowing for policy tightening if inflation rises. The Sing dollar has gained but may have limited room for further appreciation against regional currencies.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When does the central bank in Singapore typically make its announcements?

January and July

April and October

March and September

May and November

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a significant concern for Singapore's economy recently?

Rising unemployment rates

Decreasing oil prices

Increasing foreign investments

Slowing growth and export contraction

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What external factors are contributing to inflation concerns in Singapore?

Increasing agricultural exports

Rising technology costs

Decreasing global demand

Tensions in the Middle East and high oil prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did Singapore's third-quarter GDP perform compared to expectations?

It remained unchanged

It exceeded expectations with 1% growth

It met expectations at 0.6%

It declined by 0.5%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key question regarding the Sing dollar's future performance?

If it can continue outperforming other regional currencies

If it will be replaced by a digital currency

Whether it will be pegged to the Euro

Whether it will depreciate against the US dollar