Singapore cuts its GDP growth forecast for 2011 to 5% from 5-6% previously, and moves to ease...

|By:, SA News Editor

Singapore cuts its GDP growth forecast for 2011 to 5% from 5-6% previously, and moves to ease monetary policy by saying it will allow a slower pace of currency gains. The Singapore Monetary Authority focuses on currency moves rather than interest rates as its key policy tool. Singapore ETF: EWS -15.5% YTD.