MAS Likely to Ease Policy Further to Zero-Appreciation Stance in July -- Market Talk

Dow Jones2025-04-14

0443 GMT - The Monetary Authority of Singapore is likely to ease policy further to a zero-appreciation stance in July, says Jester Koh of UOB's Global Economics & Markets Research, in a research report. Thresholds for adjustment to such a stance, which means complete flattening of SGD nominal effective exchange rate band's slope, have probably already been met, the associate economist says. The tone of the MAS statement this morning reflected significant worries over U.S. tariff developments since 'Liberation Day' on April 2, the economist notes. Singapore's externally-oriented sectors such as manufacturing are likely to bear the brunt of a negative shock to global trade, the economist adds. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 14, 2025 00:43 ET (04:43 GMT)

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The tone of the MAS statement this morning reflected significant worries over U.S. tariff developments since 'Liberation Day' on April 2, the economist notes. Singapore's externally-oriented sectors such as manufacturing are likely to bear the brunt of a negative shock to global trade, the economist adds. 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