MAS adjusts exchange rate policy

Monetary Authority of Singapore
George Johnson

The Monetary Authority of Singapore chose to increase the slope of its exchange rate corridor today (October 12), implementing a monetary tightening.

The authority expects growth to run slightly above potential in the coming quarters, and core inflation to experience “modest but continuing pressure”, levelling off just below the 2% level that the MAS informally aims for.

With these factors in mind, the MAS said it had decided to “increase slightly” the slope of the band in which the Singapore

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