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Singapore’s MAS Tightens Policy Amid Global Inflation Fight
Singapore’s central bank tightened monetary policy settings, furthering the global fight against inflation that threatens the recovery of consumer and business activity from the pandemic. The Monetary Authority of Singapore, which manages the exchange rate of the local dollar as its main policy tool, raised the slope and re-centered its policy band higher, it said in a statement Thursday. The moves are the first time since April 2010 that the MAS tightened policy by using both tools at the same time. Follow the Singapore Monetary Policy Decision on TOPLive Coming after a surprise tightening in January, Thursday’s ... (full story)