Singapore to Tighten Policy Over Price Risk, Economists Say

Singapore will likely tighten monetary policy next month and consider further moves later in the year as the Middle East crisis drives up prices in the trade-reliant city-state, according to economists.

The Monetary Authority of Singapore said on Monday it would update its inflation outlook when it meets next month, warning that import cost pressures are likely to pick up in the near term. Analysts say that cue could be a prelude to the central bank hiking its policy stance.