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'Hawkish' MAS takes action on rising prices, signals confidence in economic rebound

Annabeth Leow

Annabeth Leow

Published Thu, Oct 14, 2021 · 04:21 PM
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SINGAPORE'S central bank kick-started regional policy normalisation on Thursday (Oct 14), as it moved to "raise slightly the slope" of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, up from a flat or "zero" slope before.

The decision - which caught many bank economists off guard - is not expected to stave off elevated core inflation in the short run. But it opens the door to more tightening in 2022, and could see the Singdollar (SGD) make stronger gains in the year ahead.

"With this expectation of a continued economy recovery both globally and domestically, the Monetary Authority of Singapor…

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Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
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