India, July 27 -- The Monetary Authority of Singapore tightened its policy for the second straight time in order to cap inflationary pressures.
The central bank unexpectedly increased the rate of appreciation of the S$NEER policy band slightly. However, the extent of the increase was smaller than that in April.
There will be no change to the width of the policy band and the level at which it is centred, the bank said.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....