Oil Price Surge Sparks Uneasy Truce Between Singapore's Economy and Monetary Policy The Monetary Authority of Singapore (MAS) has tightened its monetary policy for the second time in as many months in response to rising oil prices.
While this move may be seen as a cautious step, it is also an acknowledgment that Singapore's economy remains vulnerable to external shocks. Singapore's recent GDP growth figures have been impressive, with 5.
7% expansion in the second quarter driven largely by the electronics export sector.