Dow Jones Newswires: Singapore’s central bank tightens monetary policy in surprise move

by | Jul 13, 2022 | Stock Market

The Monetary Authority of Singapore has tightened monetary policy to lean against price pressures becoming more persistent, in an unexpected move. Singapore’s central bank will re-center the mid-point of the Singapore dollar nominal effective exchange rate policy band upward to its prevailing level, the MAS said in a statement on Thursday. There will be no change to the slope and width of the band. The…

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