Reuters ahead with first out-of-cycle move by Singapore central bank - Reuters News Agency
Business & Finance

Reuters ahead with first out-of-cycle move by Singapore central bank

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. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: Singapore
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Office workers spend their lunch breaks at the central business district during the coronavirus disease (COVID-19) outbreak in Singapore September 8, 2021. REUTERS/Edgar Su
Sign up for email updates
Subscribe
Sign up for email updates