Singapore tightens monetary policy again; Q3 GDP up 4.4%

Fifth round of tightening in a year aims to counter persistent inflation

20221013 singapore general

Singaporean authorities are attempting to keep inflation in check. © Reuters

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- The central bank of Singapore tightened its monetary policy on Friday, the fifth time it has done so since October last year, as the financial hub attempts to contain inflation fueled by global supply disruptions and a tight labor market.

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