More monetary tightening on the cards as early as October, after July’s ‘half-trigger’ move: economists
MAS says firmer growth and building medium-term inflation risks warrant further restraint
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[SINGAPORE] The Monetary Authority of Singapore (MAS) could move again as early as October, after a modest “very slight” tightening move on Monday (Jul 27), say private-sector economists.
The central bank steepened the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, while leaving its width and the level at which it is centred unchanged.
This defied private-sector economists’ expectations for a hold, with a Bloomberg survey showing only four of 18 economists had expected the move.
