Singapore Central Bank unexpectedly eases policy


Singapore’s central bank unexpectedly eased its currency policy on Thursday as it expects the pace of economic growth to ease more than expected.

In addition, the Monetary Authority of Singapore expects a milder pickup in core inflation.

Compared with the central bank’s expectations at its last monetary policy review in October, the economy is now projected to expand at a more modest pace this year due in part to a less favorable external environment. However, the MAS kept its GDP growth estimate unchanged at 1% to 3%.

In a separate statement, Singapore’s government said gross domestic product growth was flat in the first quarter. There was no GDP change for the three months to the end of March on a seasonally adjusted and annualized basis compared with the quarter before, according to advance estimates by the Ministry of Trade and Industry.

That followed a 6.2% on-quarter increase in the fourth quarter of last year, which matched the forecast of economists polled by The Wall Street Journal.

Measured year-over-year, the island nation’s economy is estimated to have expanded 1.8% in the first quarter, the same pace as in the previous three months, the government data showed.

The reported GDP was in line with analyst estimates, but the central bank’s decision caught most analysts by surprise. Nine of 11 economists polled by The Wall Street Journal had expected the central bank to stand pat.

The change in the policy stance is likely “in anticipation of growth being weaker. MAS has been accused of being behind the curve in the past. Perhaps this time, it’s trying to stay ahead of the curve,” said Song Seng Wun, an economist at CIMB Private Bank in Singapore.

Standard Chartered Bank’s Jeff Ng said he was surprised at the easing move as economic growth in the first quarter was above his estimates. Several economists had predicted a contraction in the economy in the first quarter.


nice ferris wheel..

what exactly are they easing?

growth for one..


~ by seeker401 on April 16, 2016.

7 Responses to “Singapore Central Bank unexpectedly eases policy”

  1. Reblogged this on World Peace Forum.


  3. April 19 .. ??

  4. On April 19, 2016…it’s the first day of a 13 day period known as “the Blood Sacrifice to the Beast” on the occult holy day of Beltane. If you do some research you will find the elite used April 19 as a sacrifice day!

    2016 is a leap year, April 20th will be the 111th day of the year, and triple numbers are considered to be “power dates” in the occult world.

    Bavarian Illuminati Anniversary

    May 1, 2016 marks the anniversary of the ‘enlightenment’ of this secret society which has branched all around the world to be known as the Illuminati of the New World Order.

    The date of 1776 sparks flames of celebration for the elite. But the actual origin dates back to the days spoken of in The Bible.

    Nimrod was the original ancient figure who began the New World Order. And he also was the first to attempt to establish a ‘gateway’ to other dimensions.

    Let’s not forget that the whole matter originates from celestial sources which The Bible speaks of in great depth. These so-called ‘Lodges’ are all patterned after the Ascended Masters.

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