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MAS Re-Centres Policy Band In Out Of Cycle Move

SINGAPORE

"MAS has assessed that, on balance, it would be prudent to take a further calibrated step to tighten monetary policy so as to lean against price pressures becoming more persistent."

  • "Accordingly, MAS will re-centre the mid-point of the S$NEER policy band up to its prevailing level. There will be no change to the slope and width of the band. This policy move, building on previous tightening moves, should help slow the momentum of inflation and ensure medium-term price stability."
  • "MAS will continue to monitor global and domestic economic developments, amid heightened uncertainty on both the inflation and growth fronts."
  • Full statement here.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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