0358 GMT - Singapore's central bank will probably keep its monetary policy unchanged at its first quarterly review, DBS Group Research analysts say in a note. The review is due to be held before the end of the month. MAS is "likely to stay patient, and remain vigilant on inflation", say the analysts, noting the MAS's tightening of policy and maintaining the status quo over the past few years have damped inflation. However, on-year inflation is still above the city-state's pre-pandemic 2010-2019 averages, with signs of higher sequential price momentum, the analysts note. The MAS monetary policy is centered on the exchange rate, given Singapore's small and open economy. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
January 17, 2024 22:58 ET (03:58 GMT)
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