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  • On April 14, the Monetary Authority of Singapore eased its monetary policy settings.
  • Global trade prospects dimmed and US tariffs raised economic fears, prompting the policy adjustment.
  • MAS will reduce the rate of appreciation for the S$NEER policy band; the band's width and center remain unchanged.
  • MAS expects core inflation to average 0.5-1.5 per cent in 2025, a downward revision from the prior 1-2 per cent forecast.
  • Singapore's trade-dependent economy faces downside risks from slowing global trade and potential recession, impacting external sectors.
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Bloomberg broke the news in United States on Monday, April 14, 2025.
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