Central bank maintains stance as uncertainties loom
Economists surveyed by Reuters were split over the Singapore central bank's next move, with half predicting easing and the other half foreseeing be no change. (Photo by Akira Kodaka)
SINGAPORE -- Singapore's central bank kept its monetary policy unchanged on Wednesday despite growing economic uncertainty, as U.S. tariffs continue to cloud the outlook for the trade-reliant country.
Rather than interest rates, Singapore's monetary policy centers on exchange rates. Authorities allow the Singapore dollar to rise or fall against the currencies of major trading partners to stabilize prices.
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