View of the MAS building, Singapore
Lee Yen Nee
Singapore softened his monetary policy on Monday According to estimates in advance, at the second time, when the city state recorded a lower GDP growth by 3.8% by 3.8%.
Singapore Moon Office had softened his political attitude Also at the January meeting, for the first time, relaxing politics from 2020.
The mass said on Monday that he would reduce the recognition of his political team known as a nominal exchange rate of Singapore dollar or S $ Neer.
“The masses will continue the policy of the modest and gradual recognition of the political team S $ Neer,” he said.
The central bank strengthens or weakens its currency in relation to the basket of main trading partners, thus effectively determining the Neer. The exact exchange rate is not set rather, S $ Neer can move in a set rules, the exact levels of which are not disclosed.
The growth of GDP in Singapore in Singapore lost his expectations by 4.3% than the economists surveyed by Reuters and was lower than 5% expansion observed in the last quarter of 2024.
The Ministry of Trade and Industry of the Country has reduced the GDP forecast to 0% -2% to 2025, compared to previous 1% -3% perspectives, MAS also forecasted GDP growth by 0% -2% to 2025.
In a ministerial statement At the beginning of this month at the US tariffs and their implications, the premiere of Singapore Lawrence Wong said that there is no doubt that he would have a significant impact on the development of Singapore. “Singapore can go to a recession this year.”
The masses reduced the inflation of the header for 2025. It was reduced to an average of 0.5%-1.5%, compared to the previous projection of 1.5%-2.5%.
The basic inflation forecast-which distinguishes the prices of accommodation and private transport-equally decreased to 0.5%-1.5%, compared to 1%-2%expected after the January meeting.