MAS Likely to Deliver 'hawkish' Pause of Monetary-policy Tightening

Dow Jones07-23 15:13

0713 GMT - The Monetary Authority of Singapore is likely to deliver a "hawkish" pause of monetary-policy tightening on Monday, two economists at BofA Global Research say in commentary. Data released earlier showed Singapore's core inflation stood at 1.6% in June, between forecasts of BofA and consensus, and only slightly firmer than May's reading, the economists note. "Commentary in the CPI outlook was almost identical to last month, barring updates to latest global energy price trends given recent developments," the economists say. The MAS will probably tighten monetary policy by steepening the slope of the Singapore dollar nominal effective exchange rate's band by 50 bps to 1.5% in October, the economists add. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 23, 2026 03:13 ET (07:13 GMT)

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