News analysis

Easing of Singdollar policy reflects uncertain global climate

The Monetary Authority of Singapore's (MAS) widely expected move to ease the Singdollar policy came to pass yesterday, and the central bank has left the window open for another such shift if global growth continues to weaken next year.

It was a careful step that reflects the uncertain climate, as doubts are being cast on a partial trade deal between the United States and China, while the prospect of a messy Brexit, among other factors, is weighing on the outlook for the global economy.

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A version of this article appeared in the print edition of The Straits Times on October 15, 2019, with the headline 'Easing of Singdollar policy reflects uncertain global climate'. Print Edition | Subscribe