Singapore central bank tightened its monetary policy on Tuesday as escalating Middle East conflict drove sharp increases in energy prices.
The Monetary Authority of Singapore decided to increase slightly the rate of appreciation of the S$NEER policy band. There will be no change to its width and the level at which it is centred.
The central bank had eased its policy twice last year. Rather than adjusting interest rates, the MAS uses the exchange rate against a basket of currencies within an undisclosed band as its monetary policy tool.
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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.