Singapore tightens policy for first time in four years
MAS notes ‘considerable risks’ to inflation and growth outlook since start of Middle East conflict
Singapore has tightened monetary policy for the first time since 2022 as spiking energy prices worsen the country’s growth and inflation outlook.
The Monetary Authority of Singapore (MAS) said today (April 14) that it would “increase slightly” the slope of the Singapore dollar nominal effective exchange rate index (S$NEER) policy band, which is the central bank’s main monetary policy tool.
This means Singapore’s currency will be allowed to appreciate faster, with the aim of bringing down prices in
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