0301 GMT - The Singapore dollar strengthens slightly against its U.S. counterpart in the Asian session. Traders are digesting the MAS's decision to ease policy and advance estimates showing Singapore's GDP growth slowed to 3.8% on year in 1Q 2025 from 5.0% in 4Q 2024. Goldman Sachs lowers Singapore's 2025 GDP growth forecast to 1.5% from 2.4% previously, citing the advance estimates. GS expects the MAS to keep policy settings on hold until end-2025. "However, given the global trade uncertainty and as the output gap turns negative alongside soft core CPI inflation, we see a significant risk of more easing from the MAS," two members of GS' Economics Research say in a note. USD/SGD edges 0.1% lower to 1.3170. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 13, 2025 23:01 ET (03:01 GMT)
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