Standard Chartered analysts are maintaining their view that the Monetary Authority of Singapore (MAS) may reduce the Singapore dollar nominal effective exchange rate (SGD NEER) slope by 50bps on 14 October. Key Quotes “We expect no change to the width and centre of the SGD NEER policy band. We estimate the current slope at +1% per annum, with the width at +/-2% on either side of the policy band.” “We will watch for the MAS’ 2020 core inflation forecast in its semi-annual October policy meeting statement. We think the MAS may provide a forecast range of 1-2% for 2020. A projection of 0.5-1.5% would raise the risk of a move to a flat slope in 2020.” “The risk to our call would be skewed towards easing by 100bps to bring the SGD NEER policy band slope to 0%. Our base-case remains a slight easing of 50bps for the following reasons: (1) the MAS lowered its 2019 core inflation forecast range only mildly in the latest monthly inflation report, (2) it maintains its view that labour-market conditions have largely held up, although the latest assessment was a touch more dovish; and (3) employment in domestically oriented sectors has held up and overall unit labour costs have continued to rise.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next No-deal Brexit likely to push UK budget deficit to 100 billion pounds – IFS FX Street 3 years Standard Chartered analysts are maintaining their view that the Monetary Authority of Singapore (MAS) may reduce the Singapore dollar nominal effective exchange rate (SGD NEER) slope by 50bps on 14 October. Key Quotes "We expect no change to the width and centre of the SGD NEER policy band. We estimate the current slope at +1% per annum, with the width at +/-2% on either side of the policy band." "We will watch for the MAS' 2020 core inflation forecast in its semi-annual October policy meeting statement. We think the MAS may provide a forecast range of 1-2% for 2020. A… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
