SINGAPORE — Singapore’s economy grew 6.5% in the third quarter of 2021 compared to a year ago, official advance estimates showed on Thursday.

Reuters polled analysts and found that the growth of the Singaporean economy was 6.6% in the third quarter.

According to a statement by Singapore’s Ministry for Trade and Industry, 0.8% growth was achieved quarter-on-quarter, according to seasonally adjusted data.

In a separate release, the Monetary Authority of Singapore — the country’s central bank — said it raised slightly the slope of its currency band, the Singapore dollar nominal effective exchange rate band.

According to the central banking, it was unchanged in terms of its width and at what level it is centered.

The MAS sets the exchange rates and not interest rates. The band is adjusted by three levers: slope, mid-point and width.

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