MAS to use currency appreciation to keep inflation in check
Inflationary concerns continue to weigh on the minds of officials at the Monetary Authority of Singapore (MAS), according to details released in the central bank's April Macroeconomic Review.
As a result, the MAS will continue with its long-standing policy of pursuing a "modest and gradual" appreciation of the so-called S$NEER currency band, which the MAS says will help "anchor inflation expectations". The rate of inflation for March was 5.2%, compared with 4.6% the previous month. The principal
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