MAS to use currency appreciation to keep inflation in check

monetary-authority-singapore

Inflationary concerns continue to weigh on the minds of officials at the Monetary Authority of Singapore (MAS), according to details released in the central bank's April Macroeconomic Review.

As a result, the MAS will continue with its long-standing policy of pursuing a "modest and gradual" appreciation of the so-called S$NEER currency band, which the MAS says will help "anchor inflation expectations". The rate of inflation for March was 5.2%, compared with 4.6% the previous month. The principal

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