overview

Advanced

(Stagflation) - In surprise move, Singapore tightens monetary policy on inflation risks

Posted by archive 
'SINGAPORE, Jan 25 (Reuters) - Singapore's central bank tightened its monetary policy settings on Tuesday in its first out-of-cycle move in seven years, as global supply constraints and brisk economic demand elevate inflation pressures across the region.

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.'

- In surprise move, Singapore tightens monetary policy on inflation risks, January 25, 2022



Context

(Stagflation) - 'Before this is over, astonishing amounts of perceived wealth will have vanished into thin air.' - '..surging inflation..'

'..could see price pressures become entrenched.' - Bank of England on track for second rate rise in under two months

(Stagflation) - 'Before this is over, astonishing amounts of perceived wealth will have vanished into thin air.' - '..surging inflation..'