The tone of MAS’s statement will likely stay relatively unchanged at the second of its four-times-a-year decision, according to 10 of 14 economists who responded to the question. Three predict that policymakers will relay a hawkish bias while Bank of America anticipates them to be less so.
Singapore’s central bank will likely maintain tight monetary policy settings for a fourth straight time as inflation remains elevated though an easing is widely expected later this year.
All 20 economists surveyed by Bloomberg forecast the Monetary Authority of Singapore, which uses the exchange rate rather than interest rates to stabilize prices, will keep its overall policy settings on April 12. The decision is expected to come at the same time as the release of advance estimates for the city-state’s first-quarter gross domestic product.
