Shoppers on Orchard Road in Singapore. The city state’s central bank said it expects core inflation to be 2.0–3.0 per cent this year. Photo: Bloomberg
Shoppers on Orchard Road in Singapore. The city state’s central bank said it expects core inflation to be 2.0–3.0 per cent this year. Photo: Bloomberg
Singapore

Singapore unexpectedly tightens monetary policy to fight inflation

  • Analysts expect further action by the Monetary Authority of Singapore at its semi-annual policy meeting in April
  • The central bank said the move is ‘appropriate for ensuring medium-term price stability’

Shoppers on Orchard Road in Singapore. The city state’s central bank said it expects core inflation to be 2.0–3.0 per cent this year. Photo: Bloomberg
Shoppers on Orchard Road in Singapore. The city state’s central bank said it expects core inflation to be 2.0–3.0 per cent this year. Photo: Bloomberg
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