View of the MAS building, Singapore
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Singapore on Monday facilitated its monetary policy for the second time consecutive, since the city-state registered a growth of the expected minor GDP of 3.8% for the first quarter, according to advanced estimates.
The Singapore monetary authority had also relieved its policy position at its January meeting, losing politics for the first time since 2020.
The most said on Monday that it would reduce the rate of appreciation of its policy band known as the nominal exchange rate of the Singapore dollar, or s $.
“But it will continue with the policy of a modest and gradual appreciation of the policy band S $ Dider,” he said.
The Central Bank strengthens or weakens its currency against a basket of its main commercial partners, which establishes the S $. The exact exchange rate is not established, rather, the S $ Down can move with the established policy band, whose precise levels are not revealed.
The quarterly growth of the quarterly GDP of Singapore lost the expectations of 4.3% of the economists surveyed by Reuters, and was lower than the expansion of 5% observed in the last quarter of 2024.
The country’s ministry and industry reduced its GDP prognosis to 0% -2% by 2025, below its previous perspective or 1% -3% -Mas also projected GDP growth or 0% -2% by 2025.
In a ministerial statement at the beginning of this month on US tariffs and their implications, Singapore prime minister Lawrence Wong said that “without a doubt” that Singapore’s growth will be significantly affected. “Singapore may or may not go into recession this year.”
The inflation of the MAS holder reduced by 2025 was reduced to an average or 0.5%-1.5%, below its previous projection or 1.5%-2.5%.
The central inflation prognosis, which eliminates the prices of accommodation and private transport, also clung to 0.5%-1.5%, below 1%-2%forecast after the January meeting.
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