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Singapore central bank tightens monetary policy for first time in six years

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - Singapore's central bank tightened monetary policy for the first time in six years on Friday, saying the city-state's economy should remain on a steady expansion path in 2018, even as it acknowledged risks from a possible escalation of U.S.-China trade tensions.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."This policy stance is consistent with a modest and gradual appreciation path of the S$NEER policy band ...

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First Published: Fri, April 13 2018. 05:54 IST