SINGAPORE'S central bank will make its next monetary policy statement on Oct 10, the bank said on Friday.

The Monetary Authority of Singapore, which conducts policy through the Singapore dollar rather than by adjusting interest rates as most central banks do, left its policy stance unchanged at its previous meeting in April.

It has allowed for a gradual, modest appreciation of the Singapore dollar since April 2004.

Many economists expect that the MAS will again leave its policy stance unchanged at its biannual policy review even though inflation in the tiny city-state is on the rise.

The consumer price index rose 0.3 per cent in August from the previous month after seasonal adjustments but the annual inflation rate was at a 12-year high in August. -- REUTERS