City-state reviewing inflation forecasts
Core prices near eight-year high
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SINGAPORE, Jan. 25 (Xinhua) -- Singapore central bank tightened its monetary policy on Tuesday in its first out-of-cycle move in seven years as inflationary pre
Singapore tightens monetary policy to ensure price stability-
SINGAPORE, Jan. 25 (Xinhua) -- Singapore central bank tightened its monetary policy on Tuesday in its first out-of-cycle move in seven years as inflationary pre
<h2><span style="font-size: small;">INTRODUCTION</span></h2> <p><span style="font-size: small;">1. Since the last Monetary Policy Statement in October 2021, there has been a further upward shift in Singapore’s inflation outlook, reflecting both global and domestic factors. MAS has therefore assessed that it is appropriate to make another pre-emptive adjustment in its monetary policy stance at this juncture.</span></p>