Singapore further tightens monetary policy

FILE PHOTO: The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore in this February 21, 2013 file photo. REUTERS/Edgar Su/File Photo

SINGAPORE, April 15 (Xinhua): The Monetary Authority of Singapore (MAS) has announced that it decided to further tighten monetary policy, in two ways.

According to the newly-published MAS Monetary Policy Statement, first, the authority will re-center the mid-point of the exchange rate policy band at the prevailing level of the Singapore dollar Nominal Effective Exchange Rate (S$NEER).