MAS might tighten monetary policy: Credit Suisse

The appreciation path is likely to be very gradual at 0.5%.

The Monetary Authority of Singapore (MAS) is expected to shift to a gradual exchange rate appreciation path of +0.5% in October 2018, Credit Suisse said.

According to a report, this is "a comfort about strong growth prospects, rather than any material concerns about inflation per se by the MAS."

The appreciation path is likely to be very gradual at 0.5%. Whilst some observers believe the tightening could come as early as April, the MAS should wait for the labour market to improve further before it pushes the button.

Previously, the central bank kept its exchange rate policy on hold in October 2017.

Nonetheless, MAS removed its reference to neutral forward guidance for an “extended period” by referring to this phrase in the past tense, Credit Suisse said.

Get Singapore Business Review in your inbox
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!

This is supported by Lao PDR, Thailand, and Malaysia.
Re-exports, meanwhile, saw a jump by 19% in the same month.
SNACK Investment will be available for consumers for as low as $1.
The programme is done in partnership with 10x1000 Tech
The maturity date for these notes will be in 2028.
Assets in this category experienced a jump to $10b in less than three years.
CityDev, SATS, and Mapletree Logistics Trust showed the most growth.
Limiting the entry of foreign workers would not result in more jobs for Singapore, Wong said.
They also agree to explore other collaboration opportunities.
It creates a one-stop ecosystem that connects its users to EV car dealers.
Its passenger capacity remained steady at 32% of pre-COVID levels.
This would increase the opportunities for cross-border investments.
A return to pre-pandemic levels, however, could take two to three years.
HongKongLand and SGX showed the most growth today.