Singapore central bank official says current monetary policy settings remain appropriate

An official of the Monetary Authority of Singapore says current policy stance remains appropriate

Meanwhile …

Singapore trade ministry official says sees possibility of technical recession but not necessarily a full-blown recession.

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Earlier data from Singapore:

• Singapore Q1 GDP -0.6% q/q (expected -1.0%, prior -0.8%)

This article was written by Eamonn Sheridan at www.forexlive.com.