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Singapore eases monetary policy, avoids recession | The Malaysian Insight

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Singapore eases monetary policy, avoids recession

Singapore’s monetary authority has moved to loosen its policy after months of plummeting exports. – EPA file pic, October 14, 2019.

SINGAPORE eased monetary policy for the first time in over three years today as the US-China trade war bites, while the export-reliant economy narrowly avoided recession in the third quarter. The financial hub’s central bank joins others around the world, from Europe to the US, in loosening policy as fears mount of a global economic slowdown.

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