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Singapore's central bank left its monetary policy unchanged at the first policy meeting of the year as inflation is estimated to fall and the economic growth is expected to pick up this year.
Asian markets mostly fell Monday as investors turn their attention to a key US inflation report later in the week, hoping for a reading that will ease concerns about the Federal Reserve's interest rate plans.Traders have been in retreat over the past week after a string of readings suggested the economy and labour market remained resilient despite more than a year of monetary tightening.
The Reserve Bank of India decided to leave its benchmark interest rates unchanged for the second straight meeting on Thursday as inflation moderated further and previous rate hikes are set to keep inflationary pressures contained over months ahead.