SINGAPORE — Singapore's central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook caused by geopolitical tensions.
SINGAPORE — Singapore 's central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook caused by geopolitical tensions.Of the 10 analysts polled by Reuters, nine expect the Monetary Authority of Singapore to hold off making changes to its policy at the scheduled review on Friday.
The European Central Bank left rates steady this month after delivering a first cut in June, while the Federal Reserve is tipped to deliver its first cut in September.Instead of using interest rates, Singapore manages monetary policy by letting the local dollar rise or fall against currencies of its main trading partners within an undisclosed band, known as the Singapore dollar nominal effective exchange rate, or S$NEER.
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