How Singapore Contain Inflation

Kon How
2022-10-14

By keeping Singapore strong. How does it works for its economy and cost of living?

The Monetary Authority of Singapore (MAS) has tightened monetary policy today for the fifth time in a year, allowing a further strengthening in the Singapore dollar to help dampen inflation.

In general, by tightening monetary policy, MAS is effectively allowing the Singapore dollar to appreciate.

With Singapore buying almost everything it consumes from abroad, a stronger Singapore dollar will help convert foreign prices of imports into lower local prices. The flip side of that, however, is a possible hit on the competitiveness of the country's exports.

“The policy stance will help dampen inflation in the near term and ensure medium-term price stability, providing the basis for sustainable economic growth,”

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Modified in.2022-10-14
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Comments

  • liewtc60
    2022-10-15
    liewtc60
    The MAS manages monetary policy through exchange rate settings rather than interest rates which let the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed band.
  • gcle
    2022-10-16
    gcle
    good post
  • FFreedom9
    2022-10-16
    FFreedom9
    To keep import costs low with latest money policy tightening
  • ilod
    2022-10-14
    ilod
    Thanks for sharing! 😘
  • smee
    2022-10-15
    smee
    nice one
  • skyel
    2022-10-17
    skyel
    Ok
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