FX.co ★ Singapore Tightens Monetary Policy on Inflation Concerns

The Monetary Authority of Singapore (MAS) tightened its policy stance on Tuesday by slightly increasing the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) band, while keeping both its width and central level unchanged. This widely expected move is aimed at curbing inflationary pressures arising from the recent surge in energy prices associated with the conflict in the Middle East.