More tightening by MAS likely in April

Paying more: Shoppers at the Orchard Road in Singapore. MAS is among global central banks seeking to tighten policy in the face of rising consumer prices. — Bloomberg

SINGAPORE: Singapore’s central bank isn’t done yet, with economists predicting further tightening at its next scheduled meeting after a surprise move to blunt rising inflation risks.

The Monetary Authority of Singapore (MAS), which uses foreign exchange as its tool to stabilise prices, will take further steps to let the local currency appreciate in its April policy announcement, according to 15 out of 16 economists in a survey and research notes compiled by Bloomberg.