Singapore may tighten monetary policy as oil shock lifts prices
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Singapore's central bank is expected to tighten monetary policy due to rising import costs and inflation driven by the Iran war. The Monetary Authority of Singapore may adjust its policy settings on April 14, with 15 out of 18 economists predicting a tightening of policy.
Singapore's central bank is poised to tighten policy. The Iran war has driven up import costs and threatens to push inflation beyond current projections. The Monetary Authority of Singapore is expected to adjust its policy settings on April 14. Economists predict a tightening of policy due to rising energy costs and inflation. Singapore's economy is estimated to have expanded 5.9% annually, but is expected to shrink 1% in the first quarter. The central bank manages medium-term price stability by managing its currency against a trade-weighted basket.
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