Caution the watchword as US-China trade tensions hang over MAS policy
Singapore's central bank expected to tighten monetary policy, but could hold back if risk of tit-for-tat protectionism intensifies, say economists
Singapore
ESCALATING trade tensions between the United States and China could prompt Singapore's central bank to adopt a more cautious policy stance than it originally intended at its upcoming April meeting, economists say.
Market watchers were widely expecting the Monetary Authority of Singapore (MAS) to tighten its Singdollar policy in response to improving growth and rising inflation. However, protectionist sabre-rattling by the world's two largest economies has shifted the needle.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
NTUC aims to do more to support PMEs, who now account for nearly half its membership
Daily Debrief: What Happened Today (Apr 25)
Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey
Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF
Daily Debrief: What Happened Today (Apr 23)