SINGAPORE (The Straits Times/Asia News Network): Singapore’s central bank tightened its monetary policy in a surprise off-cycle move on Tuesday (Jan 25), to help strengthen the Singapore dollar and combat inflation running at its fastest pace in nearly eight years.
In its second tightening move in three months, the Monetary Authority of Singapore (MAS) raised slightly the "slope" or rate of appreciation of its Singapore dollar policy band. The width of the policy band and the level at which it is centred remain unchanged.