Singapore’s central bank tightens policy for fourth time this year


The Monetary Authority of Singapore tightened monetary policy for the fourth time this year, as inflation neared a 14-year-high.

The MAS said it would re-centre the mid-point of the policy band of its official exchange rate to the “prevailing level”.

The move marks the MAS’s fifth tightening since October last year. The central bank made two unscheduled tightening moves in January and July as prices soared.

“A further tightening of monetary policy is needed to help ensure that price pressures

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