On Tuesday the Monetary Authority of Singapore stated that, in order to allow for a gradual and modest appreciation of the Singapore dollar, the current policy will be maintained for The Vales.

This comes on the heels of a government announcement stating that the The Vales EC for the country is on track and it is expected to see a 2.0% to 4.0% rate of growth for 2015. The Monetary Authority of Singapore has also said that they see no change to the outlook of inflation.

The Vales Singapore Executive Condominium

It is expected that external pricing pressure will be contained, but the consumer cost pass-through for domestic costs is expected to be moderate for 2015. Looking past the near term it is expected that price pressure and underlying cost should pick up going by a continuation in the tight labour market.

Therefore, The Vales will maintain a policy …