MAS expected to ease Singdollar policy in October review: OCBC

SINGAPORE - Analysts from OCBC are expecting the Monetary Authority of Singapore to ease its monetary policy stance come its review next month.

OCBC's forecast is in line with that of DBS analysts, who similarly expect the MAS to slightly decrease the annual appreciation pace of the S$NEER to 0.5 per cent at its policy review in mid-October. They also noted that the Singapore dollar outperformed its Asian counterparts amid renminbi-led weakness as the Sino-US trade tensions escalated in August, keeping the S$NEER buoyed. Subsequently, the alleviation of tensions from September onwards saw the SGD recover against the US dollar and the yen, providing further support for the S$NEER.

Since the April monetary policy statement, domestic growth or inflation outcomes have softened steadily, underlying the"slightly below potential" prognosis, the report highlighted. Arguably, the ongoing Sino-US rapprochement is a slight bright spot for the global economy, but without a concrete truce to at least nominally lock down progress on this front, the situation may be too fragile to generate sustained optimism, according to the OCBC analysts.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MAS expected to ease monetary policy stance in October: OCBCANALYSTS from OCBC are expecting the Monetary Authority of Singapore (MAS) to ease its monetary policy stance come its review next month. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

MAS expected to ease monetary policy stance in October: OCBCANALYSTS from OCBC are expecting the Monetary Authority of Singapore (MAS) to ease its monetary policy stance come its review next month. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

South Korea, denied invitation, to miss Japanese naval fleet reviewSEOUL/TOKYO: South Korea will not participate in Japan's naval fleet review in October, it said on Tuesday (Sep 24), as it had not been invited to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Book review: Ann Patchett's The Dutch House is a fairy tale on sibling bonds and an evil stepmotherReview. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

The Singapore Red Cross turns 70 in 2019, with a Benefit Gala in October\n\nOn the charity’s 70th anniversary in 2019, it remains mindful of its focus on expanding and enhancing the spectrum of its social services.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian shares ease on geopolitical tensions, oil up 1per centAsian shares started higher on Monday on hopes of an interim Sino-U.S. tariff deal after the two countries described their talks as 'productive' ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »