Singapore’s central bank increased the slope of the policy band twice last year in efforts to control rising price pressures and strengthen its currency in its first such tightening moves in six years. Photo: Reuters
Singapore’s central bank ends tightening cycle as growth slows amid cooling economy
- First quarter gross domestic product grew 1.3 per cent from a year earlier, down from 1.9 per cent in the fourth quarter
- The Monetary Authority of Singapore will maintain the slope of the Singapore dollar’s policy band while keeping the width and level unchanged
Topic |
Global monetary policy
Singapore’s central bank increased the slope of the policy band twice last year in efforts to control rising price pressures and strengthen its currency in its first such tightening moves in six years. Photo: Reuters