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Inflation risks prompts out-of-cycle monetary policy tightening by MAS

Amala Balakrishner
Amala Balakrishner 1/25/2022 8:50 AM GMT+08  • 2 min read
Inflation risks prompts out-of-cycle monetary policy tightening by MAS
The S$NEER policy band has been raised slightly, the central bank announced on Jan 25.
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A rise in inflation levels has pushed the Monetary Authority of Singapore (MAS) to tighten its monetary policy settings in an out-of-cycle move.

What this means is that the rate of appreciation of the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) policy band has been raised slightly, the central bank announced on Jan 25.

It added that the width of the policy band and the level at which it is centred will be unchanged.

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