, Singapore

MAS’ decision to steepen the S$NEER seen as prescient

This is according to a joint CPI release by MAS and MTI. 

The Monetary Association of Singapore’ decision to pre-emptively tighten monetary policy settings by steepening the S$NEER slope from 0% to 1% appreciation per annum appears prescient, OCBC said in a commentary.

"With the upside surprise in the October CPI print, a legitimate concern is whether there is a need to frontload the policy tightening, especially since the policy review frequency is twice annually," OCBC’s Selena Ling, head of Research & Strategy, said. 

On a global level, market speculation has pointed to major central banks needing to step up the pace of recalibration in order to deal with the inflationary pressure.

Ling said, "Whilst there is a need to be watchful about the inflation overshoot and the potential entrenching of inflationary expectations, there is no need to jump the gun and worry about an inter-meeting MAS move at this juncture as the core CPI print is still within the 1-2% range tipped for 2022."

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


C&W Services transforms headquarters into a ‘living lab’
The new office is set to be the ground for the firm’s new facilities management technologies.
How investor stewardship puts companies in a win-win state
Stewardship Asia Centre CEO says a company’s failure to take care of society is a failure to take care of its stakeholders.
Creating harmony in a heterogonous workforce 
An HR expert said tests like DISC can help identify which employees can work best together.