Analysts from OCBC are expecting the Monetary Authority of Singapore to ease its monetary policy stance come its review next month.ANALYSTS from OCBC are expecting the Monetary Authority of Singapore to ease its monetary policy stance come its review next month.
"Despite the soft domestic and global growth/inflation narrative, the S$NEER is still effectively flat year to date. There is room for the S$NEER to ease lower to provide the stimulus required for the economy," the analysts explained. Globally, PMIs have also continued to lose traction, while the composite leading indicators show no signs of bottoming. Headline and core inflation prints are essentially flat lined, and it remains too early to expect a global growth rebound to carry the Singapore economy, the report showed.
Source: News Formal (newsformal.com)
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