Guardian.co.uk, 15 Sep 2008, Reuters
SINGAPORE, Sept 15 (Reuters) - Singapore's central bank will probably ease monetary policy in October to support the country's slowing economy, which may slump into a technical recession in the third quarter, Citigroup said on Monday.
Citi economist Kit Wei Zheng said the Monetary Authority of Singapore will probably slow the rise of the Singapore dollar by switching to a "zero appreciation" bias, and reducing the slope of the policy band in which the currency is allowed to rise.
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