0729 GMT - Singapore's headline and core inflation are likely to remain "well-behaved" going forward, Goldman Sachs strategists say after the release of the economy's data for November. Last month's print came below GS's expectations, even as transportation inflation contributed 8 bps to the headline reading. Inflation remaining under control, coupled with moderating growth amid rising uncertainties surrounding global trade, would make room for the Monetary Authority of Singapore to reduce the slope of the Singapore dollar nominal effective exchange rate slightly to 1.0% at its April meeting. GS estimates the slope of the S$NEER policy band at 1.5% currently. MAS uses the exchange rate as a policy tool instead of domestic interest rates. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
December 23, 2024 02:29 ET (07:29 GMT)
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