BOK signals continued monetary tightening amid rising inflation, sound economic growth

South Korea's central bank said Wednesday it is necessary to maintain a monetary tightening mode as inflation pressure remains high and the country's economy is likely to continuously grow. Earlier this month, the Bank of Korea raised its benchmark rate by a quarter percentage point to 2.75 percent, the first rate hike

Unlike most central banks, the MAS manages medium-term price stability by managing the Singapore dollar exchange rate against a trade-weighted basket of currencies.