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However, in general, when faced with high inflation, central banks like MAS typically have several tools at their disposal to manage the situation. Here are some possible actions that a central bank might take:

Monetary Policy Adjustments: The central bank may consider adjusting its monetary policy to curb inflation. This can include raising interest rates to make borrowing more expensive, which can reduce spending and help cool down the economy.

Tightening Liquidity: The central bank may reduce the money supply in the economy by selling government securities or increasing reserve requirements for banks. This can help control inflation by limiting the amount of money available for spending and lending.

Communication and Guidance: Central banks often communicate their views and intentions to the public. If inflation is a concern, the central bank may provide guidance on its inflation target, expectations for future policy actions, or measures to manage inflationary pressures.

Currency Appreciation: If inflation is driven by import prices, the central bank may allow the currency to appreciate or intervene in the foreign exchange market to strengthen the currency. This can help reduce the cost of imported goods and mitigate inflationary pressures.

Macroprudential Measures: In addition to monetary policy, the central bank may implement macroprudential measures to address specific sectors or areas contributing to inflation. These measures can include targeted regulations on lending, capital requirements, or other financial sector policies.

It's important to note that the specific actions taken by MAS would depend on various factors, including the underlying causes and nature of inflation, the overall economic conditions, and the central bank's assessment of the situation. For accurate and up-to-date information on Singapore's current inflation and MAS's policies, I recommend referring to official sources such as MAS's website or reputable news sources.