MAS tightens ‘very slightly’, saying it will cap inflation
Unexpected move marks central bank’s second consecutive tightening decision
The Monetary Authority of Singapore (MAS) said it had tightened policy by a small amount to stem rising inflation.
In a statement today (July 27), the central bank said it would increase the rate of appreciation of its monetary policy band “very slightly” in response to economic conditions at home and abroad. It said the decision would “build on” its April monetary policy decision – the first time it had tightened policy in four years – but would be on a smaller scale.
The MAS’s monetary policy
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