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Singapore’s central bank has eased monetary policy for the first time in four years amid rising expectations of trade turmoil after Donald Trump’s return to the US presidency and moderating domestic inflation.
由于唐纳德•特朗普(Donald Trump)重返白宫后对贸易动荡的预期升温，加上国内通胀趋缓，新加坡央行四年来首次放松货币政策。
The Monetary Authority of Singapore on Friday said it would reduce the slope of the Singapore dollar’s appreciation against a basket of its trading partners’ currencies, citing anticipations of trade friction.
新加坡金融管理局周五表示，将下调新元对一篮子贸易伙伴货币的升值坡度，原因是预计将出现贸易摩擦。
“Global economic policy uncertainty has risen since the October monetary policy review, mainly reflecting expectations of increasing trade policy frictions,” said the central bank.
该央行表示：自10月的货币政策评估以来，全球经济政策的不确定性有所上升，主要反映了对贸易政策摩擦增加的预期。
The MAS has a long-term policy of allowing the Singapore dollar to gradually appreciate against other currencies. By reducing the slope of its appreciation, the monetary authority in effect lowers borrowing rates in the city-state’s heavily trade-dependent economy.
新加坡金管局的长期政策是允许新元对其他货币逐步升值。通过下调升值坡度，该机构实际上下调了这个严重依赖贸易的城市国家经济的借贷利率。
Inflation data released on Thursday showed the city’s core consumer price index rose 1.8 per cent in December from a year earlier, the second consecutive month of growth below 2 per cent.
周四公布的通胀数据显示，12月核心消费价格指数同比上涨1.8%，连续第二个月增幅低于2%。
Although the central bank does not have a hard inflation target, it has said a rate under 2 per cent “is consistent with overall price stability”.
尽管央行没有硬性的通胀目标，但它表示，低于2%的通胀率“与整体物价稳定相符”。
Singapore’s small and open economy is highly exposed to global trade and financial flows, allowing the MAS to control lending rates through the exchange rate.
新加坡经济规模小、开放程度高，极易受到全球贸易和资金流动的影响，让新加坡金管局可以通过汇率来控制贷款利率。
According to the central bank, 40 cents of every dollar spent in Singapore is on imports, while gross imports and exports of goods and services account for more than 300 per cent of GDP.
根据新加坡央行的数据，在新加坡每花费一美元就有40美分用于进口，而商品和服务进出口总额占到国内生产总值(GDP)的300%以上。
The Singapore dollar edged down in early trading on Friday to S$1.3561 a US dollar.
新元在周五早盘交易中微跌至1美元兑1.3561新元。