SINGAPORE (Oct 8): The Monetary Authority of Singapore is due to release its semi-annual monetary policy statement by Oct 12. In an April statement, MAS announced a slight increase in the slope of the Singapore dollar nominal effective exchange rate policy to allow for a “modest and gradual appreciation”. “We expect the central bank to keep the existing stance,” note UOB economists.

This policy stance on the Singapore dollar will come in useful for exporters amid a weaker economic outlook. Inflation is not seen to be an issue, with economists expecting core inflation this year to range between 1.5% and 1.9%.

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