Singapore Tightens Monetary Policy on Inflation Concerns

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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 leaving its width and centre unchanged. The move was widely anticipated, as the central bank aimed to contain inflationary pressures stemming from a surge in energy prices linked to the Middle East conflict.

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