Singapore dollar dips on easing

Move is city state's first emergency policy change since Sept 11, 2001 attacks on US

Singapore's central bank unexpectedly eased monetary policy on Wednesday, sending the currency to the weakest since 2010 as the country joined global policymakers in shoring up growth amid dwindling inflation.

The Monetary Authority of Singapore, which uses the currency as its main policy tool, said it will seek a slower pace of appreciation in the island's dollar in an unscheduled statement on Wednesday. It also cut the inflation forecast for 2015, predicting prices may fall as much as 0.5 percent.