India, April 14 -- Singapore's central bank eased its monetary policy for the second time as inflation remained low, while downside risks to growth outlook increased due to the lack of clarity over policies of the US administration and trade frictions.
The Monetary Authority of Singapore said it will continue with the policy of a modest and gradual appreciation of the S$NEER policy band.
However, the rate of appreciation will be reduced slightly. There will be no change to the width of the band and the level at which it is centered, the bank added.
The MAS applies the exchange rate against a basket of currencies within an undisclosed band as its monetary policy tool. Previously, the bank had tightened its policy in January.
The bank sai...