Singapore tightens monetary policy on solid growth (AFP) – 944th Edition

A view of the Keppel container port terminal in Singapore. Economists have said the upward re-centering of a policy band known as the Nominal Effective Exchange Rate essentially meant an appreciation in the Singapore dollar.(AFP/File/Roslan Rahman)AFP – Singapore on Thursday announced a tightening of monetary policy in a bid to keep a lid on inflation as data showed the economy grew an annual 8.5 percent in the first quarter.

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