ADVERTISEMENT

Singapore central bank tightens policy for second time this year


  • Economy
  • Friday, 12 Oct 2018

The MAS manages monetary policy through exchange rate settings, rather than interest rates.

The MAS manages monetary policy through exchange rate settings, rather than interest rates.

SINGAPORE: Singapore's central bank tightened monetary policy for the second time this year on Friday, and said the city state's economy is likely to grow at a steady pace.

The Monetary Authority of Singapore (MAS) said it would slightly increase the slope of the Singapore dollar's policy band, while keeping the width and mid-point of the band unchanged.

Economy , Corporate News

   

ADVERTISEMENT