Economists see MAS standing pat on monetary policy this week

Singapore

THE central bank is reviewing its monetary policy stance this week, and the market consensus is for all settings to remain on hold - with no change to the slope and width of the Singapore dollar policy band, nor the level at which it is centred.

This sort of unanimity hasn't happened in quite a while; just a few months ago, sinking oil prices and turbulent financial markets prompted some to warn of the rising risk of an easing stroke by the Monetary Authority of Singapore (MAS).