Monetary Policy Statement

MAS maintains S$NEER policy band in January monetary policy statement - THE EDGE SINGAPORE

Singapore economy

MAS maintains S$NEER policy band in January monetary policy statement

MAS had tightened its monetary policy five consecutive times since October 2021 before leaving its parameters unchanged in April.
MAS keeps prevailing rate of appreciation of the S$NEER policy band at October meeting - THE EDGE SINGAPORE

Singapore economy

MAS keeps prevailing rate of appreciation of the S$NEER policy band at October meeting

MAS also announced that it will be shifting to a quarterly monetary policy statement schedule in 2024.

Singapore economy

MAS likely to keep policy parameters unchanged in upcoming October meeting: analysts

The MAS is slated to hold its monetary policy meeting on Oct 13.

Singapore economy

'Premature' to assume MAS will take risk-based approach to monetary policy: HSBC

HSBC believes inflation is no longer "as urgent" a problem for the MAS as it was last year.
Singapore’s near-term outlook remains uncertain with downside risks: MAS - THE EDGE SINGAPORE

Singapore economy

Singapore’s near-term outlook remains uncertain with downside risks: MAS

Singapore's economy has “slowed discernibly” since 4Q2022, weighed down by contractions in the trade-related sectors.
The pivot in MAS’s policy came as no surprise to most analysts - THE EDGE SINGAPORE

Singapore economy

The pivot in MAS’s policy came as no surprise to most analysts

Some of the analysts have kept their 2023 GDP estimates while others have lowered their full-year expectations.

Singapore economy

RHB expects MAS to increase slope of the S$NEER path to 2.0% at upcoming April meeting

DBS, on the other hand, sees MAS’s current policy as tight enough and that it is likely to pause tightening.

Singapore economy

MAS expected to keep neutral stance on Singdollar amid sluggish economy

MAS stands pat on Singdollar citing likely recovery in Singapore’s economy in 2021

Singapore economy

2019 GDP growth to ease to 'slightly above midpoint' of 1.3-3.5% forecast: MAS

SINGAPORE (Apr 26): MAS expects GDP growth to come in slightly above the mid-point of 1.3-3.5% forecast range in 2019, as growth momentum of the global economy has moderated at the turn of the year amid sluggish trade.
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