3 in 5 analysts expect monetary tightening in October | Singapore Business Review

3 in 5 analysts expect monetary tightening in October

But change could be modest amidst the US-China trade war.

A Reuters poll revealed that nine in 15 analysts expect the Monetary Authority of Singapore (MAS) to tighten monetary policy in October.

However, changes are expected to be minimal amidst lawmakers’ worries over the US-China trade war. The remaining analysts predict the central bank will hold fire mainly due to the trade worries.

The nine analysts expect the MAS to tighten policy by slightly increasing the slope of the Singapore dollar’s policy band, leaving its other two policy levers - the mid-point and width of the band - unchanged.

The poll was conducted between 24 and 27 September.

Read the full report here.

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