Singapore reduces monetary policy, MAS warns of the effect of a tariff on the economy

On Monday, Singapore reduced its monetary policy for the second time in a row, as the city of the city recorded less than GDP by 3.8 % for the first quarter.

It was the monetary authority in Singapore The position of politics eased At its meeting in January, a policy of reduction for the first time since 2020.

MAS said on Monday that it would reduce the rate of assessment of the Policy Squad known as the effective exchange rate of the dollar in Singapore, or S $ Neer.

“MAS will continue in the policy of modest and gradual appreciation for the S. $ Neer Politics Politics band,” she said.

The central bank enhances or weakens its currency against a basket of its main commercial partners, thus placing S $ Neer effectively. The exact exchange rate is not set, instead, S $ Neer can move within the specified policy range, from which the exact levels have not been detected.

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