MAS eases monetary policy for first time in nearly five years, lowers 2025 core inflation forecast
Business
The last time the central bank eased monetary policy was in March 2020 when the country braced for a deep recession due to the COVID-19 pandemic. SINGAPORE: The Monetary Authority of Singapore (MAS) has moved to loosen its monetary policy for the first time in nearly five years, amid expectations for slower growth and easing inflation in the year ahead. In its January monetary policy statement released on Friday (Jan 24), the central bank said it will “reduce slightly” the slope of the
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