Tag: Singapore economy

Singapore eases monetary policy as virus slams economy

SINGAPORE (AFP) — Singapore’s central bank eased monetary policy Monday as the city-state, seen as a bellwether for the health of global trade, heads for a deep recession due to the coronavirus pandemic. The easing echoes moves made by other countries and comes after data last week showed the city-state suffered its sharpest contraction in the first quarter since the global financial crisis. The Monetary Authority of Singapore said it had flattened the slope of […]