Singapore central bank tightens monetary policy as Iran war stokes price risks
Business
Singapore's central bank tightened its monetary policy settings on Tuesday, flagging the risk that an Iran war-fueled energy shock could push up core inflation even as mounting pressure on growth was underscored by a first-quarter economic contraction. The Monetary Authority of Singapore (MAS) said it would increase slightly the rate of appreciation of the S$NEER policy band, in line with what most analysts polled by Reuters had expected. MAS said there would be no change to its width and the
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