Singapore's 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.
"This policy shift, building on past tightening moves, will further reduce imported inflation and help curb domestic cost pressures," the bank said.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.