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MAS expected to tighten monetary policy for first time in 6 years

Singapore economy

MAS expected to tighten monetary policy for first time in 6 years

Reuters Published on Fri, Apr 06, 2018 / 4:31 PM GMT+8

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SINGAPORE (Apr 6): Singapore’s central bank is expected to tighten monetary policy in April for the first time in six years, with economic growth seen solid enough to shift away from a stance associated with periods of acute weakness.

Twelve of 19 analysts, or 63% of respondents in a Reuters survey, predicted the Monetary Authority of Singapore would tighten its exchange-rate based policy at its review, due on April 13 at 8am.

The 12 analysts expect the MAS to slightly increase the appreciation rate of the Singapore dollar’s policy band from zero% — a “neutral” stance that the central bank has kept for the last two years.

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MAS expected to tighten monetary policy for first time in 6 years

Singapore economy

MAS expected to tighten monetary policy for first time in 6 years

Primary tabs

Error message

MAS expected to tighten monetary policy for first time in 6 years

Singapore economy

MAS expected to tighten monetary policy for first time in 6 years

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