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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.