SINGAPORE -- The central bank of Singapore tightened its monetary policy on Thursday in its second out-of-cycle move this year, as the city-state sees inflationary pressure rising on the back of global supply chain disruptions.
Annual growth projection kept at 3% to 5% amid Ukraine headwinds
Singapore's economy is recovering from COVID-19 but faces other pressures, including the impact of the war in Ukraine. © Reuters
SINGAPORE -- The central bank of Singapore tightened its monetary policy on Thursday in its second out-of-cycle move this year, as the city-state sees inflationary pressure rising on the back of global supply chain disruptions.