Back
30 Sep 2013
Flash: Singapore's CB monetary decision preview - ANZ
FXstreet.com (Barcelona) - Khoon Goh, Senior FX Strategist at ANZ, expects MAS to keep its policy of a modest and gradual appreciation of the S$NEER policy band at its upcoming October Monetary Policy Review.
Key Quotes
"Most likely date is 11 October, with no change to the slope and width of the policy band, as well as the level at which it is centred."
"Despite core inflation remaining below 2%, MAS will remain vigilant towards cost-push pressures stemming from a tight labour market."
"From a risk reward perspective, we favour going long USD/SGD heading into the MAS meeting."
"A weak Q3 GDP print to be released at the same time as the MAS decision, alongside uncertainty related to the US debt ceiling issue, should bias USD/SGD higher."
Key Quotes
"Most likely date is 11 October, with no change to the slope and width of the policy band, as well as the level at which it is centred."
"Despite core inflation remaining below 2%, MAS will remain vigilant towards cost-push pressures stemming from a tight labour market."
"From a risk reward perspective, we favour going long USD/SGD heading into the MAS meeting."
"A weak Q3 GDP print to be released at the same time as the MAS decision, alongside uncertainty related to the US debt ceiling issue, should bias USD/SGD higher."