Singapore Central Bank Likely to Hold Steady Later This Week -- Market Talk

Dow Jones

Jan 20, 2025

0416 GMT - The Monetary Authority of Singapore will have no urgency to adjust its policy settings on Friday, says DBS Group Research. The Singapore dollar nominal effective exchange rate's decline from the top to the mid-point of its policy band doesn't signal an imminent policy shift, DBS says. The repositioning reflects the recent moderation in core inflation, which falls within the central bank's 2025 forecast of 1.5%-2.5% and the official 2025 forecast for the economy to slow to 1%-3% from 2024's 4% growth, DBS adds. Maintaining the Singapore dollar NEER's appreciation will help address cost of living issues, DBS says. The MAS's monetary policy is centered on Singapore's exchange rate.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 19, 2025 23:16 ET (04:16 GMT)

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The Singapore dollar nominal effective exchange rate's decline from the top to the mid-point of its policy band doesn't signal an imminent policy shift, DBS says. The repositioning reflects the recent moderation in core inflation, which falls within the central bank's 2025 forecast of 1.5%-2.5% and the official 2025 forecast for the economy to slow to 1%-3% from 2024's 4% growth, DBS adds. Maintaining the Singapore dollar NEER's appreciation will help address cost of living issues, DBS says. The MAS's monetary policy is centered on Singapore's exchange rate.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2025 23:16 ET (04:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Central Bank Likely to Hold Steady Later This Week -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Central Bank Likely to Hold Steady Later This Week -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-20 12:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0416 GMT - The Monetary Authority of Singapore will have no urgency to adjust its policy settings on Friday, says DBS Group Research. The Singapore dollar nominal effective exchange rate's decline from the top to the mid-point of its policy band doesn't signal an imminent policy shift, DBS says. The repositioning reflects the recent moderation in core inflation, which falls within the central bank's 2025 forecast of 1.5%-2.5% and the official 2025 forecast for the economy to slow to 1%-3% from 2024's 4% growth, DBS adds. Maintaining the Singapore dollar NEER's appreciation will help address cost of living issues, DBS says. The MAS's monetary policy is centered on Singapore's exchange rate.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2025 23:16 ET (04:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0384037296.USD","symbol_name":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504744293","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504744293","pubTimestamp":1737346560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0416 GMT - The Monetary Authority of Singapore will have no urgency to adjust its policy settings on Friday, says DBS Group Research. 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The Singapore dollar nominal effective exchange rate's decline from the top to the mid-point of its policy band doesn't signal an imminent policy shift, DBS says. The repositioning reflects the recent moderation in core inflation, which falls within the central bank's 2025 forecast of 1.5%-2.5% and the official 2025 forecast for the economy to slow to 1%-3% from 2024's 4% growth, DBS adds. Maintaining the Singapore dollar NEER's appreciation will help address cost of living issues, DBS says. The MAS's monetary policy is centered on Singapore's exchange rate.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 19, 2025 23:16 ET (04:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}