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MAS to tighten policy amid inflation fight

Bloomberg4/12/2022 08:34 AM GMT+08  • 3 min read
MAS to tighten policy amid inflation fight
Economists are watching if MAS will tweak its inflation forecast which now stands at 2.5%-3.5% this year / Photo by Samuel Isaac Chua
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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.

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