Singapores central bank tightened its monetary policy stance for the fourth time this year after core inflation moved closer to a 14-year high. The Monetary Authority of Singapore on Friday decided to re-centre the mid-point of the S$NEER policy band up to its prevailing level, but the slope and width of the band were left unchanged. Further, the bank said the current stance will help dampen inflation in the near-term and ensure medium-term price stability.Powered by Commodity Insights
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