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Singapore tightens its monetary policy to cope with inflation | Economy | Local News

Singapore tightens its monetary policy to cope with inflation | Economy
| Local News | Usa news


The central bank of Singapore announced on Thursday a tightening of its monetary policy for the first time in three years to face the rise in prices while the country announced a growth of the Gross Domestic Product (GDP) of 6.5% in the third quarter .

The Monetary Authority of Singapore (MAS), which acts as the central bank of the city-state, indicated that it would “slightly increase the exchange rate policy band of the Singaporean dollar from 0%, to guide a modest appreciation of the currency” with the objective to deal with inflation, estimated at 2.4% until August.

Today Headlines Today Headlines Singapore tightens its monetary policy to cope with inflation | Economy

Remon Buul

Chairman of the board of directors responsible for organizing and developing the general policy of the website and the electronic newspaper, he is interested in public affairs and in monitoring the latest international developments.

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