Singapore's central bank on Wednesday kept its monetary policy settings unchanged after economic growth surprised to the upside in the second quarter. The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate,

Singapore’s central bank will likely leave its monetary policy unchanged for the first time this year, adopting a wait-and-see approach as policymakers gauge looming US tariffs that risk weighing on growth.