The Singaporean government on April 14 announced a tightening of monetary policy to restrain national inflation.

The announcement was made in the context of the country’s economy growing by 8.5 percent in the first quarter this year.

According to the Monetary Authority of Singapore (MAS), the organisation will focus the exchange rate policy in coming months, a move expected to ensure price stability in the medium term while maintaining sustainable growth.

Singapore’s inflation rate increased from 3.4 percent in the third quarter last year to 5.2 percent in the first two months of this year./.