Singapore: The MAS tightens its monetary policy on inflation concerns – UOB
26.01.2022, 11:52

Singapore: The MAS tightens its monetary policy on inflation concerns – UOB

Barnabas Gan, Economist at UOB Group, assesses the recent unscheduled monetary policy meeting by the MAS.

Key Takeaways

“In an off-cycle monetary policy meeting (25 Jan), the Monetary Authority of Singapore (MAS) raised the S$NEER policy slope ‘slightly’, while keeping the width of the policy band and the level at which it is centred unchanged. We estimate that the current appreciation gradient of the band is now at 1.0%, up from 0.5% before today’s announcement.”

“We think that the off-schedule meeting … is in response to the elevated inflation risks in Singapore. According to the policy statement, policymakers cited that the outlook for Singapore’s inflation has shifted higher since Oct 2021, led by ‘recovering global demand and persistent supply-side frictions.”

“For the scheduled Apr 2022 monetary policy meeting, it is a ‘live’ decision and we expect the MAS to further steepen the S$NEER gradient ‘slightly’. This is estimated to bring the policy band gradient to an appreciation of 1.5% then. That said, there will also be a material risk for added tightening by policymakers via a recentring of the policy mid-point, given that the S$NEER has already appreciated within the upper half of the policy band since Oct 2021’s policy meeting.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik