0958 GMT - The takeaway from Singapore's 3Q GDP release and MAS meeting could be summed up as: better growth, lower inflation and steady policy. DBS economists and strategists lift 2024-2025 real GDP growth forecasts for Singapore to 3.5% and 2.8%, respectively, from 2.7% and 2.5%. Electronics will likely remain the key growth driver for manufacturing but with downside risk, they say. MAS expects inflation to keep easing into 2025, and DBS's forecasts are in line with authorities' updated projections for 2024-2025. They see no immediate need for the central bank to alter the appreciation pace of its SGD NEER policy band. The timing of easing the appreciation pace in 2025 will hinge on inflation's progress back into a historically comfortable range, Philip Wee and Chua Han Teng say. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
October 14, 2024 05:59 ET (09:59 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。