Singapore Tightens Policy in Surprise Move on Inflation Risks

The video discusses the Monetary Authority of Singapore's (MAS) response to rising inflation, which hit an 8-year high. The MAS made an unexpected out-of-cycle move to tighten monetary policy, aiming to stay ahead of the U.S. Federal Reserve's anticipated rate hikes. The MAS expects core inflation to be higher than expected in the near term but anticipates moderation in the second half of the year. The decision reflects a proactive approach to managing inflation and maintaining economic stability in the face of global economic pressures.

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