monetary policy

RHB stays 'overweight' on Singapore banks as MAS keeps policy unchanged
SINGAPORE (Apr 15): RHB Group Research is maintaining its “overweight” call on Singapore banks, after the Monetary Authority of Singapore (MAS) on Friday kept its monetary policy settings unchanged amid a worsening global growth outlook and low inflation. MAS uses the exchange rate as its main policy tool. After tightening policy twice last year, the central bank last week left the slope ...
Time for a true global currency
SINGAPORE (April 15): This year, the world commemorates the anniversaries of two key events in the development of the global monetary system. The first is the creation of the International Monetary Fund at the Bretton Woods conference 75 years ago. The second is the advent, 50 years ago, of the Special Drawing Right (SDR), the IMF’s global reserve asset. When it introduced the SDR, IMF hoped ...
Singapore offers buffet of attractive yield plays amid the easing policy environment, says UOB
SINGAPORE (April 1): UOB Kay Hian is recommending a wide variety of yield plays offered by Singapore ranging from aviation and banks, to developers and REITs as central banks around the world continue to ease their monetary policies.    In a particular, the research house is expecting dovish dispositions at both the Federal Reserve (Fed) and the European Central Bank (ECB) to ...
Hong Kong tightens liquidity with $260 mil currency defence
HONG KONG (Mar 11): Hong Kong faces the likelihood of rising borrowing costs after the city’s de facto central bank intervened to defend its currency peg for the first time since August. The Hong Kong Monetary Authority bought HK$1.51 billion ($260 million) of local dollars during London and New York trading hours after the currency fell to the weak end of its trading band, it said in a ...
Time to stock up on defensive assets for a volatile 2H18, says State Street
SINGAPORE (June 25): State Street Corporation advises investors to start adopting a more defensive stance on expectations of global volatility in 2H18, as the environment becomes more challenging for risky assets such as such as global equities, high-beta developed market currencies, and emerging markets (EMs) in general. In a Monday release, Lee Ferridge, head of Global Macro Strategy for ...
MAS expected to normalise monetary policy tomorrow: Maybank
SINGAPORE (Apr 12): Maybank Kim Eng Research says it expects the Monetary Authority of Singapore (MAS) to normalise monetary policy on Friday amid rising global geopolitical tensions. Singapore’s central bank is scheduled to issue its semi-annual policy statement at 8am on Apr 13. “Our long-held house view is for the MAS to normalise monetary policy with a shift to a ‘modest and ...
MAS likely to tighten monetary policy despite global trade fears, say economists
(Apr 11): Singapore’s central bank is one step closer to tightening monetary policy this week. A majority of economists surveyed by Bloomberg predict policy makers will look past the latest trade skirmishes between the world’s two largest economies and assess the city state’s growth outlook as solid and inflation healthy. The Monetary Authority of Singapore, which uses the exchange rate ...
Why MAS has no key rate
(Apr 6): Singapore monetary policy can sound a little back-to-front. While for most countries tighter policy equates to higher borrowing costs, it’s not necessarily the case for the Asian city-state, where interest rates can rise when the central bank is loosening policy. That’s because the Monetary Authority of Singapore uses the exchange rate -- not interest rates -- as its main policy tool ...
Singapore's 1Q GDP growth to exceed 4% on-year: Maybank forecasts
SINGAPORE (Apr 5): Maybank Kim Eng expects Singapore’s central bank to normalise and shift to a “slight appreciation bias” for the S$NEER band from its current neutral stance, which has been in place since April 2016. This comes prior to the MAS biannual monetary decision and the release of 1Q flash GDP data, which is expected to occur in mid-April. Maybank is forecasting for 1Q flash ...
Investors face higher market risks in 2018
SINGAPORE (Feb 2): The Federal Open Market Committee, meeting for the last time under outgoing chair Janet Yellen, left the federal funds rate unchanged on Jan 31 while paving the way for rate hikes under Yellen’s successor Jerome Powell. See: Janet Yellen’s Fed era ends with unanimous vote of no rate hike Yellen’s four-year term has been characterised by a gradual tightening approach ...