Singapore eases monetary policy, Q3 GDP risesThe Monetary Authority of Singapore eases its monetary policy for the first time in three years on Monday. (Reuters photo)SINGAPORE: Singapore's central bank eased its monetary policy for the first time in three years on Monday, as widely expected. In a statement, the Monetary Authority of Singapore (MAS) said it would lower slightly the slope of the Singapore dollar's policy band, while the width and centre of the band would not be changed. The MAS manages monetary policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed band. Compared with a year earlier, GDP grew 0.1% in the third quarter, slightly below the 0.2% expansion forecast in a Reuters poll and unchanged from the quarter earlier.

Source: Bangkok Post October 14, 2019 00:22 UTC