Forbes.com, 6 May 2009, Reuters
SINGAPORE, May 6 (Reuters) - Singapore's monetary policy easing last month was a 'measured' response to a sharp drop in demand and the ensuing deep recession that hit the trade dependent economy, the central bank said on Wednesday.
Ong Chong Tee, deputy managing director of the Monetary Authority of Singapore, told a business seminar that the central bank was 'maintaining price stability over the medium term that will continue to underpin confidence in the Singapore dollar'.
Read More
