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Home›Bonds & Rates›Central Banks›Singapore surprises with tighter monetary policy amid…

Singapore surprises with tighter monetary policy amid oil driven inflation risks

The MAS relies on the Singapore dollar exchange rate against a trade weighted basket of currencies to steer medium term price stability.

Reported · Written up by our desk · Central Banks

Singapore has tightened monetary policy in a surprise move, with rising oil prices cited as a renewed risk to inflation, according to CNBC World and CNBC Economy.

The reports note that the Monetary Authority of Singapore, unlike many central banks, manages medium term price stability by targeting the Singapore dollar exchange rate against a trade weighted basket of currencies.

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Sources

CNBC WorldSingapore tightens monetary policy in surprise move as rising oil prices rekindle inflation risk
CNBC EconomySingapore tightens monetary policy in surprise move as rising oil prices rekindle inflation risk

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