Singapore tightens policy, warns of risks as GDP growth predicted to come in below trend in 2023

SINGAPORE, Oct 15 (Bloomberg): Singapore’s central bank tightened monetary policy settings for a fifth time in the past year, warning of persistent price pressures and a clouded outlook for the global and local economy.

The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool, re-centered the midpoint of the currency’s policy band up to its prevailing level, according to a statement on Friday evening (Oct 14)