Keep Singapore Monetary Policy

WASHINGTON - The International Monetary Fund (IMF) urged the government of Singapore to maintain its monetary policy.

Changes can be done if Singapore was out of the recession and getting healthy. Reviewtahunan economy in Singapore, the IMF's monetary policy rate is now well and support domestic demand. "The focus now is to seek financial stability and ensure that Singapore ready to rebound when the global economy began to recover, taking advantage of the many authorities maneuvering room," the IMF said, as quoted by Reuters.

"The next step, the recovery path, a tightening stance will be justified to maintain price stability, exchange rate trends through effective targeting," the IMF added.

Singapore Central Bank to manage monetary policy adjustment Singapore dollar against a set of trading currencies. Singapore Central Bank will review monetary policy next October. Analysts predict, the Central Bank will continue to implement monetary policy and akomodatif.Kuartal II/2009 Singapore economic performance is higher than analyst forecasts.

IMF predicts, Singapore's economy will contract about 8 percent in 2009.Pemulihan gross domestic product (GDP) is projected at IV/2009.IMF quarter 2010 GDP forecast of about 2.5 percent.