Maybank Securities economists Chua Hak Bin and Lee Ju Ye are expecting the MAS to tighten its policy again by re-centring the Singapore dollar nominal effective exchange rate (S$NEER) band to the prevailing level at the mid-April meeting in a bid to dampen core inflation.
Analysts are mostly seeing a “final tightening” by the Monetary Authority of Singapore (MAS) at its April monetary policy meeting after February’s inflation figures.
Singapore’s CPI-All Items inflation – or headline inflation – rose by 6.3% y-o-y and 0.6% m-o-m. MAS Core inflation, which excludes private transport and accommodation, rose by 5.5% y-o-y but remained unchanged m-o-m.
