Central Banks
Singapore Expected to Ease Currency Settings on Tariff Risks
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Singapore’s central bank is expected to ease monetary policy settings further, days after US President Donald Trump unleashed the steepest tariffs in a century, threatening to disrupt global trade and sparking risk of retaliation.
All 14 economists in a Bloomberg survey that closed at 5 p.m. on Wednesday forecast the Monetary Authority of Singapore, which uses the exchange rate rather than interest rates to stabilize prices, will reduce the slope in the policy band of the Singapore dollar’s nominal effective exchange rate, or S$NEER, on Monday.