, Singapore

No 'double move' expected from central bank: analyst

This is due to the increasing likelihood of a technical recession.

With private transport and rental costs continue to rise, Maybank said the Monetary Authority of Singapore (MAS) is not expected to enforce a "double move" to tighten the monetary policy.

In a report, Maybank said such a move is not likely as there could be a technical recession, which means there is two consecutive quarters of the economy shrinking.

It also sees MAS tighten monetary policy in October by re-centering the S$NEER to the prevailing level.

"The S$NEER is currently trading at around +1.5% above the implied mid-point, based on our estimates," the analyst said.

It sees MAS to increase headline inflation from 5.5% to 6.5% and core inflation forecast to 3.5%-4.5%.

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!


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.