MAS Likely To Weaken Sing Dollar

The weakening external trade environment will likely prompt the Monetary Authority of Singapore (MAS) to depart from its existing neutral bias and adopt a more aggressive stand to weaken the currency at its upcoming semi-annual policy meeting in April. We feel that a re-centering of the midpoint of the policy band to be the most likely measure utilised by the MAS, as it may minimise potential political implications with other countries in the region

To read the full article, please choose one of the following options: