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Singapore further tightens monetary policy

SINGAPORE, April 14 (Xinhua) — The Monetary Authority of Singapore (MAS) on Thursday announced that it decided to further tighten monetary policy, in two ways.

According to the newly-published MAS Monetary Policy Statement, first, the authority will re-center the mid-point of the exchange rate policy band at the prevailing level of the Singapore dollar Nominal Effective Exchange Rate (S$NEER).

Second, MA