SINGAPORE (Sept 30): Singapore's central bank is likely to further ease monetary policy at its scheduled October meeting to either a neutral policy stance or zero appreciation, Credit Suisse says.

The Monetary Authority of Singapore has long maintained a steady appreciation bias for the Singapore dollar nominal effective exchange rate, which it manages against a basket of currencies.

"We expect the NEER to fall towards the bottom of its policy bands on confirmation of a dovish central bank shift. The weak domestic and global growth environment will likely encourage expectations for further MAS easing," Credit Suisse says.

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