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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