Mumbai, April 14 -- The Monetary Authority of Singapore (MAS) tightened monetary policy as it increased its inflation forecast today. The central bank said in its April monetary policy statement that it would increase slightly the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. MAS also raised the forecast for core and headline inflation to 1.5 to 2.5 per cent on Tuesday, from 1 to 2 per cent previously. In October last year, MAS said it expected headline and core inflation to be between 0.5 to 1.5 per cent in 2026. That range was raised by 0.5 percentage points in January, and it has now been raised a second time. MAS manages monetary policy through the exchange rate instead of interest ra...