Singapore eases monetary policy for the first time since 2020, warns of growth slowdown

Singapore loosened its monetary policy for the first time since 2020, citing a faster decline in inflation and warning of a growth slowdown. The Monetary Authority of Singapore slightly reduced the slope of its exchange rate policy band, with growth momentum expected to slow, and core inflation moderating more quickly than expected. The GDP growth is projected to be 1%-3% in 2025, with the Singapore dollar weakening slightly against the greenback after the decision.

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