Singapore central bank leaves policy unchanged as expected
Written by Fox News on April 11, 2019
FILE PHOTO: A view of the Monetary Authority of Singapore’s headquarters in Singapore June 28, 2017. REUTERS/Darren Whiteside
April 12, 2019
SINGAPORE (Reuters) – Singapore’s central bank on Friday kept its monetary policy unchanged as expected, citing easing economic growth and mild inflationary pressures.
The Monetary Authority of Singapore (MAS) said it would maintain the slope of the Singapore dollar’s policy band, while there would be no change to the width and level at which its band was centred.
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 policy band.
(Reporting by Singapore Newsroom; Editing by Joe Brock)
Source: OANN
MAGA One Radio