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Singapore central bank first tightening in 6 years comes with trade warning

Reuters  |  SINGAPORE 

By Masayuki Kitano and Aradhana AravindanSINGAPORE (Reuters) - Singapore's central bank tightened monetary policy for the first time in six years on Friday, saying the city-state's economy is expected to continue growing steadily even as it acknowledged risks from a trade spat between the United States and China.The Monetary Authority of Singapore (MAS) said it would slightly increase the slope of the Singapore dollar's policy band from zero percent previously, while keeping the width and mid-point of the band unchanged."The measured adjustment to the policy stance takes into account the ...

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First Published: Fri, April 13 2018. 10:03 IST