MAS Stance Supports Singapore Dollar

MAS to keep policy unchanged with tightening bias The Monetary Authority of Singapore is expected to maintain its policy settings at the July meeting. A tightening bias will be retained due to strong Singapore growth and a positive output gap. This stance i

MAS to keep policy unchanged with tightening bias

The Monetary Authority of Singapore is expected to maintain its policy settings at the July meeting.

A tightening bias will be retained due to strong Singapore growth and a positive output gap.

This stance is seen as supportive for the Singapore Dollar, with any tightening surprise likely to push USD/SGD lower.

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