Singapore tightens monetary policy as virus-hit economy recovers

Singapore has taken a strategy of living with the virus by ramping up its vaccination rate – currently at around 85% – as it opens up the economy and eases travel for those who have been vaccinated. – EPA pic, October 14, 2021.

SINGAPORE’S central bank tightened monetary policy for the first time in three years today, the latest country to act against inflation as coronavirus-hit economies reopen amid continuing supply chain bottlenecks.

The world’s central bankers are walking a fine line between supporting economic recovery with easy financial conditions while preventing a long-term increase in prices.

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