Monetary Authority of Singapore tightens monetary policy

MAS April policy statement.

The Monetary Authority of Singapore adjust monetary policy via managing the exchange rate.

The MAS meet on policy adjustments (or not) only twice a year. April and October.

Policy statement today, tightens:

• will re-centre the mid-point of the exchange rate policy band at the prevailing level of the s$neer - mas
• no change to the width of the policy band
• will increase slightly the rate of appreciation of the policy band to exert a continuing dampening effect on inflation

More:

• says core inflation is now projected to come in at 2.5–3.5% this year
• says CPI-all items inflation is forecast at 4.5–5.5%,
• says GDP growth is expected to come in at 3–5% this year
• mas says tighter monetary policy stance will slow inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term momentum and help ensure medium-term price stability

MAS is Singapore's central bank.