Singapore's central bank kept its monetary settings unchanged on Wednesday, dashing some expectations for a loosening of policy, after second quarter economic growth surprised to the upside and global trade tensions eased somewhat.

The Monetary Authority of Singapore (MAS) said it would maintain the slope of the S$ Nominal Effective Exchange Rate Index (S$NEER) and that there would be no change to the width or level at which it was centred. The central bank said global economic growth since its previous monetary policy statement in April had been more resilient than

With the aim of maintaining control of inflation, Bangladesh Bank has announced that it will continue to implement a contractionary monetary policy for the first half of the new fiscal year, keeping the policy interest rate unchanged while further reducing the credit growth target in the private sector.