Singapore shares opened muted on Friday (Apr 12) morning, following data released on economic growth and the Republic’s central bank standing pat on its monetary policy settings.
To recap, Singapore’s gross domestic product grew 2.7 per cent year on year in the first quarter of 2024, but just 0.1 per cent sequentially, based on advance estimates from the Ministry of Trade and Industry.
The Monetary Authority of Singapore also left its monetary policy for April unchanged during its monetary policy review, in line with market expectations.