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MAS to leave policy steady in Oct - ANZ

FXStreet (Bali) - ANZ is looking for the Singaporean Monetary Authority MAS to leave its current policy stance unchanged in October.

Key Quotes

"We are looking for MAS to leave its current policy stance unchanged at the upcoming October review."

"Though recent economic activity indicators have disappointed and headline inflation has come in weaker than expected, core inflation remains sticky and above its long-term average."

" The tight labour market will continue to exert upside risks to core inflation, which is not helped by recent poor productivity performance particularly in the construction and services sectors."

"The S$NEER has been trading within a narrow range relative to the midpoint in recent months. We expect this to continue. However, a stronger dollar will ultimately push USD/SGD towards 1.28 by the end of this year."

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