| Singapore's central bank unexpectedly tightened its monetary policy stance by raising the slope of the local dollar's trading band "slightly," and said inflation remains persistent while economic growth has improved.
The Monetary Authority of Singapore also restored a narrower trading band for the local dollar, indicating lesser tolerance for volatility, while continuing with its policy of a modest and gradual appreciation of the Singapore dollar nominal effective exchange rate policy band. There will be no change to the level at which the band is centered, it added...............................................Full Article: Source
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