Singapore central bank signals rate stability ahead as Singapore Q1 growth beats forecasts
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Monetary Authority of Singapore (MAS) officials say Singapore's monetary policy stance remains appropriate and domestic interest rates should hold broadly stable, even as global rate uncertainty persists following a stronger-than-expected Q1 GDP print. Summary: Source: MAS and Si
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4 itemsWill MAS ease in October?
The desk anticipates that the Monetary Authority of Singapore (MAS) may consider further easing in October, driven by recent trends in inflation and export performance. Per the full note from MUFG EMEA, inflation has shown signs of easing, while export momentum is weakening, raising questions about the MAS's next steps. The desk highlights that the MAS's previous decisions to ease policy twice this year reflect a proactive approach to managing economic conditions. With no high-impact events on the calendar, market participants will closely monitor MAS's upcoming policy meeting for any signals regarding future easing.