monetary policy

UOB Kay Hian said an off-cycle announcement will only happen if there's a sharp growth downgrade in inflation.

Some experts predict a further increase in the slope to 2.0%.

UOB expects MAS  to release its statement around 10-14 April.

The central bank aims to subdue the price pressures.

This marks the fourth time in 2022 that MAS tightened its policy.

The midpoint of the Singdollar policy band was re-centred up to its prevailing level.

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

Experts expect the S$NEER slope to be raised to 2%.

Experts believe that the S$NEER slope will be raised to 2% in October.

Core inflation is expected to rise above 4% in the near term.

Experts expert MAS to steepen the S$NEER gradient to 2%.

The monetary policy will be tightened in two ways.

But risks such as inflation globally cannot be ruled out.

The 100 basis points slope would allow strengthening of SGD NEER.

Doing so would allow MAS to vent inflation pressure, experts said.

A +2% per annum slope is slightly tighter than the neutral estimate of +1.5%.