In a surprising move, the Monetary Authority of Singapore (MAS) has boosted its support for the Singapore dollar in an off-cycle policy decision to cool inflation, which is expected to rise faster than previously anticipated.

This is the fourth tightening move by MAS since October 2021 causing fear among Singaporeans of a looming recession ahead.

To better understand this situation, we speak to Sani Hamid, Director of Wealth Management, Financial Alliance.