Singapore's central bank kept its monetary policy settings unchanged after five straight tightening moves since October 2021, joining a growing list of central banks that have opted to pause amid global growth risks and ebbing inflation. The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool, maintained the slope, center and width of the currency band, according to a statement Friday. The decision came at the same time as gross domestic product data that showed the economy contracted more than expected in the first quarter.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-04-14-story-h-273354958-Singapore_is_latest_to_halt_policy_tightening_as_GDP_shrinks

#i3investor