Singapore central bank eases monetary policy as US tariffs threaten growth
Singapore's central bank eased monetary policy again due to concerns about global growth and trade, influenced by U.S. tariffs. The Monetary Authority of Singapore reduced the rate of appreciation of its exchange rate, while the trade ministry lowered Singapore's GDP growth forecast for 2025 to 0%-2%. Economists suggest further easing is possible if economic conditions worsen. Singapore's central bank eased monetary policy again due to concerns about global growth and trade, influenced by U.S. tariffs. The Monetary Authority of Singapore reduced the rate of appreciation of its exchange rate, while the trade ministry lowered Singapore's GDP growth forecast for 2025 to 0%-2%. Economists suggest further easing is possible if economic conditions worsen. Singapore's central bank eased monetary policy again due to concerns about global growth and trade, influenced by U.S. tariffs. The Monetary Authority of Singapore reduced the rate of appreciation of its exchange rate, while the trade ministry lowered Singapore's GDP growth forecast for 2025 to 0%-2%. Economists suggest further easing is possible if economic conditions worsen.
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