Live News Updates Turkey Keeps Interest Rate On Hold Despite 61 Inflation
The city-state, which uses exchange rates instead of borrowing costs to control inflation, said it would raise the instrument and increase the slope of the real exchange rate zone for the Singapore dollar. While economists expected Singapore to tighten its stance, adjusting both the slope and the midpoint was an unexpectedly aggressive move. It happened as the Singaporean Monetary Authority raised its inflation forecast and made a disappointing note about the prospects for global growth in the wake of the war in Ukraine....