Singapore's central bank on Friday loosened its monetary policy, the first such move since 2020, saying it expects inflation and growth to be slower than it initially forecast this year. The Monetary Authority of Singapore (MAS),

Singapore's central bank eased monetary policy Friday for the first time in almost five years on expectations that inflation and economic growth will slow this year.

The Monetary Authority of Singapore forecast slower growth and contained inflation at home amid rising uncertainty from trade frictions abroad.