Singapore central bank maintained its monetary policy on Wednesday after easing twice this year, as there are risks to growth from renewed trade conflicts and geopolitical shocks.
The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of the S$NEER policy band and there will be no change to its width and the level at which it is centered.
The bank had softened its policy twice earlier this year and it is in an appropriate position to respond to risks to medium-term price stability, the bank said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.