Economists expect MAS to tighten monetary policy amid rising inflation

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Economists in Singapore expect the prices of goods and services to rise, but they said a tightening in monetary policy could slow or curtail the pace of increase. That’s what at least 10 financial houses that CNA spoke to expect the Monetary Authority of Singapore to do soon, due to geopolitical shocks and inflationary pressures. Singapore’s overall inflation rose to 4.3% in February, up slightly from 4% in January. Economists said full-year growth for 2022 will still come in within the official forecast range of 3% to 5%.

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