Singapore central bank announcement due today - preview

Author: Eamonn Sheridan | Category: Central Banks

The Monetary Authority of Singapore will publish its monetary policy statement today due at 0000 GMT on Friday October 13

  • The MAS issue the statement just twice a year (April and October) 
I have posted some previews earlier:
Here is a summary of ANZ's what to expect:
  • Even though the Monetary Authority of Singapore (MAS) maintained a neutral policy at their April review, S$NEER has persistently been trading at the strong side of the policy band, sometimes at as much as 1% above the mid-point.
  • Currently, S$NEER is trading at 0.9% above the centre of the policy band.
  • With Singapore's GDP growth hovering in the 2-3% range, core inflation well-contained at below 2% and lingering labour pangs, we see no reason for the central bank to deviate from the current neutral S$NEER policy at their next meeting