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- Singapore MAS: A delicate balancing act – TDS
Singapore MAS: A delicate balancing act – TDS
Alex Loo, FX and Macro Strategist at TD Securities (TDS), expects the Monetary Authority of Singapore (MAS) to maintain the status quo and stick to its balanced tone at the upcoming semi-annual policy meeting on October 13.
Key Quotes:
“We don't expect a radical shift in MAS's messaging but for the Bank to stick to its balanced tone, reiterating both the upside and downside risks to inflation.”
“A status quo outcome should support the SGD given the continued appreciation path of the S$NEER band but hard to envisage further gains as it is trading close to the 2% upper band. Long EURSGD looks attractive as the EUR is ripe for a bounce while we prefer a tactical short USDSGD position.”
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