The Monetary Authority of Singapore has tightened its monetary policy once again in response to persistent inflation risks and elevated price pressures. Unlike traditional central banks that adjust benchmark interest rates, Singapore manages monetary policy by re-centering and steepening the appreciation gradient of its exchange rate policy band. The decision aims to import less inflation by strengthening the Singapore dollar against a basket of currencies from major trading partners. Officials noted that while medium-term economic growth prospects remain steady, persistent cost pressures necessitate proactive policy action to ensure medium-term price stability.
- The Monetary Authority of Singapore strengthened its exchange rate policy band to mitigate persistent global and domestic inflation risks.
- Singapore manages monetary policy through the nominal effective exchange rate (S$NEER) rather than benchmark interest rates.
- The policy adjustment aims to strengthen the Singapore dollar, curbing imported inflation and stabilizing domestic consumer prices.
- Economic growth in Singapore is projected to remain moderate alongside measures to restore medium-term price stability.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
Official website: https://www.channelnewsasia.com/
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white house – ' Singapore is not doing enough propaganda in return to waiver the u.s. tariffs imposed on them ! '
Not true that the GST increase hurts the poor’: Lawrence Wong 2 Mar 2022
GST hike impacts on prices is "once off" and not permanent.: Lawrence Wong 28 Feb 2024
More responsible' to proceed with GST increase amid uncertain inflation outlook: Lawrence Wong [Ref: CNA 14 Oct 2022]
Deferring upcoming GST hike will only ‘store up more problems’ for the future’: Lawrence Wong [Ref: BT Aug 3, 2023]
TurboCharging the Inflation" and "Poor Marksmanship – referring to the huge tax surpluses accumulated from the GST Hikes: Pritam Singh [Ref: CNA 26 Feb 2025].
Nothing good/best deals are going to come out from the government party big mouth, their big mouth are use for keeping their own self collect own self highest pay.
The good for nothing government party talk is one thing, but do is another thing, we as Singaporeans of course we know.
The good-for-nothing government party create more jobs for foreigners and foreign workers working in Singapore, and for PR and new citizens, while Singaporeans are forced to serve NS to protect these foreigners and foreign workers, and PR and new citizens.
Also more types of toxic foods and all types of toxic jabs, as well as more toxic vapes are coming into Singapore/coming to Singaporeans.
Families and firms said it is time the government release the singapore reserve money and gold bars to help them in this difficult "war on Iran" time.
Also sg soldiers are for show only, cannot fight during war or don't want to fight during war, escape is the most important thing during war. We as sg soldiers before so we know.
But Singapore cannot have nuclear plant in the future because people from overseas are waiting " to do something bad " on the nuclear plant
The good-for-nothing government party is building more condos for foreigners working in Singapore and building more HDB flats for new citizens, while Singaporeans are forced to serve NS to protect foreigners and foreign workers in Singapore, and protect PR and new citizens.
The good for nothing government party is wasting electricity by putting more than one thousand machines around Singapore running 24hr every day to collect back empty plastic bottles.
…the one behind the profile insistently repeating 'good-or-nothing' in their commentspam seems to have quite the measure of projection going on there..
[edited4clarity; added words to specify where the phrase is being tauntmashed..]