Singapore tightens monetary policy for first time since 2022, raises inflation forecast #CNA

Singapore tightens monetary policy for first time since 2022, raises inflation forecast
Inflation in Singapore is expected to be higher than previously forecast, amid the Middle East conflict. The Monetary Authority of Singapore has raised inflation forecasts for 2026 to an average of 1.5% to 2.5%, up from 1% to 2%. To brace for impact, the central bank has also tightened monetary policy settings for the first time in over three years. Meanwhile, new GDP figures show Singapore’s economy unexpectedly slowed at the start of the year. Beatrice Yap reports.

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