Singapore’s MAS’ Decision to be a Close Call

Singapore’s central bank decisions don’t usually generate much excitement, but economists are split on whether more easing may be on tap after a surprise move earlier this year.

“It’s definitely a closer call than it has been in a while,” Daniel Martin, an economist at Capital Economics, said Friday.

“Consumer price inflation is extremely low. I don’t see much reason for them not to loosen,” he said. “On the other side, they already loosened in January. They may see it as already enough.” Martin expects policy easing as wage inflation, one of the Monetary Authority of Singapore’s (MAS) key concerns, fell sharply in the fourth quarter. The decision is due Tuesday.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.