Singapore seen keeping monetary policy unchanged amid inflation risks

Singapore’s central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook caused by geopolitical tensions.

Of the 10 analysts polled by Reuters, nine expect the Monetary Authority of Singapore (MAS) to hold off making changes to its policy at the scheduled review on Friday.

“The MAS is likely in no rush to ease policy setting, with core inflation still above its soft 2% target,” said Lloyd Chan, senior currency analyst at MUFG global market research.

Source: REUTER