(Bloomberg) -- Singapore’s central bank unexpectedly eased monetary policy, sending the currency to the weakest since 2010 as the country joined global policy makers in shoring up growth amid dwindling inflation.
The Monetary Authority of Singapore, which uses the currency as its main policy tool, said it will reduce the slope of the policy band for the island’s dollar in an unscheduled policy statement Wednesday. It also cut the inflation forecast for 2015, predicting prices may fall as much as 0.5 percent.