Reuters ahead with first out-of-cycle move by Singapore central bankon January 25, 2022 at 3:26 pm

Reuters was first to report on Tuesday that Singapore’s central bank would tighten its monetary policy in its first out-of-cycle move in seven years in response to inflation risks. The Monetary Authority of Singapore, which holds its scheduled policy reviews only twice a year, surprised markets with the move. The news strengthened the Singapore dollar, one of the world’s most-traded currencies, to its highest level in three months. The city-state’s trade-dependent economy is highly susceptible to swings in global inflation and the central bank’s sudden move comes as price pressures ring alarm bells for policymakers elsewhere in Asia. 

The post Reuters ahead with first out-of-cycle move by Singapore central bank appeared first on Reuters News Agency.

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