Monetary

Singapore eases monetary policy, avoids recession

Singapore eased monetary policy for the first time in over three years Monday as the US-China trade war bites, while the export-reliant economy narrowly avoided recession in the third quarter.The financial hub's central bank joins others around the world, from Europe to the US, in loosening policy as fears mount of a global economic slowdown.The city-state has traditionally been the first among Asia's export-driven economies to be affected during a downturn, making it a closely watc

14 October 2019
0