Singapore tightens monetary policy to fight inflation


SINGAPORE: Singapore’s central bank tightened its monetary policy yesterday, saying the widely forecast move will slow inflation momentum as the city-state ramps up its battle against soaring prices made worse by the Ukraine war and global supply snags.

The policy tightening, the third in the past six months, came as separate data showed Singapore’s economic momentum waning over the first quarter.

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Singapore , central bank , monetary policy

   

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