Data Gold July 26th, Barclays Bank stated in a report that the Monetary Authority of Singapore (MAS) has not yet issued signals of recent shift towards tightening or loosening, and we still believe that MAS will maintain the forex policy setting unchanged until 2025. MAS has lowered the overall inflation expectations for 2024 and has limited correlation with the forex policy, 'Of course, we will not take this as a dovish signal,' economists Brian Tan and strategist Audrey Ong wrote. They stated that the July statement confirms MAS's expectation that the core inflation rate in 2025 will be around 2%, which is noteworthy, indicating that policymakers still believe that it is not necessary to relax or tighten the nominal effective exchange rate (NEER) of the Singapore dollar. Barclays believes that the 2% inflation level is crucial, as without an official inflation target from MAS, this may be its comfort zone.
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Barclays: Otoritas Moneter Singapura Mungkin Akan Menjaga Kebijakan Tetap Hingga 2025
Data Gold July 26th, Barclays Bank stated in a report that the Monetary Authority of Singapore (MAS) has not yet issued signals of recent shift towards tightening or loosening, and we still believe that MAS will maintain the forex policy setting unchanged until 2025. MAS has lowered the overall inflation expectations for 2024 and has limited correlation with the forex policy, 'Of course, we will not take this as a dovish signal,' economists Brian Tan and strategist Audrey Ong wrote. They stated that the July statement confirms MAS's expectation that the core inflation rate in 2025 will be around 2%, which is noteworthy, indicating that policymakers still believe that it is not necessary to relax or tighten the nominal effective exchange rate (NEER) of the Singapore dollar. Barclays believes that the 2% inflation level is crucial, as without an official inflation target from MAS, this may be its comfort zone.