Singapore's central bank on Friday kept its monetary settings unchanged after two consecutive rounds of tightening, underscoring policymakers' concerns about a cooling economy.
Singapore's central bank on Friday kept its monetary settings unchanged after two consecutive rounds of tightening, underscoring policymakers' concerns about a cooling economy and rising risks to the outlook from slackening global demand.
Across Asia, a slowing world economy and abrupt end to Federal Reserve policy tightening have seen markets betting on outright rate cuts or easier policy stance for a growing list of central banks. The central bank also on Friday revised down its 2019 core inflation forecast to 1 to 2 percent, from 1.5 to 2.5 percent previously.
GDP grew 2.0 percent in the January-March period from the previous three months on an annualized and seasonally adjusted basis, well above an expected 1.2 percent expansion.
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