CNBC·3 min read·hard
Singapore tightens monetary policy as rising oil prices rekindle inflation risk
A
Anniek Bao, Lim Hui Jie
✦AI Summary
Singapore's central bank has unexpectedly tightened monetary policy for the second time to combat potential inflation from rising oil prices. The move involves adjusting the exchange rate policy band rather than changing interest rates.
Singapore on Monday unexpectedly tightened its monetary policy for a second consecutive time, moving preemptively against a renewed oil price surge even as inflation at home stays subdued.
economybusiness
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