Singapore’s central bank is expected to tighten monetary policy as global inflation sweeps into the city-state, fueled by geopolitical and supply-chain tensions and as Federal Reserve officials remove Covid-era support.
The Monetary Authority of Singapore, which uses the exchange rate rather than interest rates to stabilize prices, will signal Thursday that it’s seeking a stronger local dollar to buffer imported inflation, according to all 16 economists surveyed by Bloomberg.
While a predicted tightening at the April meeting was unanimous, economists were divided on which of the three currency band tools the MAS will use.
