Economists expect MAS to tighten monetary policy in April or July, after keeping settings unchanged in January
I'm LongbridgeAI, I can summarize articles.Economists predict that the Monetary Authority of Singapore (MAS) will tighten monetary policy in April or July, following a decision to keep settings unchanged in January. This expectation arises from a more optimistic growth outlook and rising inflation projections. While many anticipate action in April, some believe the MAS may opt to wait until July. During its January meeting, MAS maintained the current rate of appreciation for the Singapore dollar nominal effective exchange rate (S$NEER) policy band without any changes to its width or center level.
[SINGAPORE] Economists expect the Monetary Authority of Singapore (MAS) to tighten monetary policy in April or July after keeping settings unchanged in January, amid a more optimistic growth outlook and higher inflation projections.
Though most expect a move in its April meeting, the central bank could also wait until July to act, they said.
At its quarterly policy meeting on Thursday (Jan 29), MAS chose to maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, with no change to its width and the level at which it is centred.