SINGAPORE -- Singapore's central bank on Thursday tightened its monetary policy for the first time in three years -- an earlier-than-expected move as the country seeks to reopen its coronavirus-hit economy and manage inflationary pressures.
Central bank's move follows South Korea and New Zealand; COVID clouds outlook
Singapore's economy is recovering from the worst periods of last year, but the pandemic continues to haunt the city-state. © Reuters
SINGAPORE -- Singapore's central bank on Thursday tightened its monetary policy for the first time in three years -- an earlier-than-expected move as the country seeks to reopen its coronavirus-hit economy and manage inflationary pressures.