MAS may tighten policy, Pimco says

(Oct 5): There’s a chance the Monetary Authority of Singapore may surprise financial markets by tightening its policy stance this month, according to Pacific Investment Management Co., a move that could make it among the first central banks in Asia to do so.

Economic indicators are pointing to an improved growth outlook in the city state, while core inflation could approach 2% this year, the top of the MAS’s forecast range, Roland Mieth, an emerging-market fund manager at Pimco in Singapore, said in an interview.

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