Singapore tightens to spur faster appreciation
The Monetary Authority of Singapore (MAS) tightened its monetary policy stance on Thursday after it said it would steepen and widen its policy band, but keep the centre steady, in a bid to tackle inflation through a "modest and gradual appreciation" of its currency.
The central bank said the move will see the slope of its policy band "increased slightly", with no change to the level at which the band is centred. It also said the band would be "widened slightly" to accommodate the volatility
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