Singapore’s central bank today tightened monetary policy and raised its inflation forecast for this year in response to the crisis in the Middle East and the resulting surge in global energy prices. However, with the crisis expected to weigh heavily on economic activity – and with inflation having been low prior to the shock – we expect the Monetary Authority of Singapore (MAS) to remain cautious about further tightening at upcoming meetings this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services