(Oct 11): Singapore’s central bank will probably ease monetary policy for the first time in more than three years as a global slowdown continues to weigh on the export-reliant economy.
A majority of the economists surveyed by Bloomberg predict the Monetary Authority of Singapore will reduce the slope of its currency band by 50 basis points on Monday, implying a more gradual pace of appreciation in the local dollar. The MAS uses the exchange rate, rather than interest rates, as its main policy tool.
