08-May-2024
Economy News
 
Singapore Central Bank Signals More Easing as Growth Risks Mount
15-Oct-2019

Singapore’s central bank signaled it’s ready to adjust monetary policy further after easing Monday for the first time since 2016 as risks to the economic growth outlook persist. The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool, reduced “slightly the rate of appreciation” of the currency band and said it’s prepared to “recalibrate monetary policy” if prospects for inflation and growth weaken significantly.

News Source:- https://finance.yahoo.com/news/singapore-central-bank-eases-policy-000410280.html