MAS left its slope, width and mid-point of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged. It also expects inflation to gradually pick but remain benign and low in 2021, with a revised forecast range of 0.5% to 1.5% in 2021.
Fitch Solutions is maintaining its expectations that the Monetary Authority of Singapore (MAS) will keep its monetary policy unchanged through 2021, along with its Singapore real GDP growth forecast of 5.8% for the year.
The reiterated expectations follow MAS’ half-yearly review as well as Singapore’s 1Q2021 GDP figures released by the Ministry of Trade and Industry (MTI) on April 14.
