The Monetary Authority of Singapore (MAS) will ease in April in the opinion of economists at Standard Chartered Bank who have also lowered their 2020 growth forecast for the country. USD/SGD is trading at 1.388. Key quotes “We downgrade our 2020 growth forecast to 0.8% from 1.4%. The government has also lowered its 2020 growth forecast to a range of -0.5 to +1.5%, from +0.5-2.5%. Our base-case assumption is that the negative growth impact of the virus will be felt most acutely in Q1, and that it will be mostly contained by end-March, both in terms of infection numbers and fears over the severity of the outbreak. “We are now calling for the MAS to ease again in April, versus our previous on-hold call. We think that MAS may shift the slope of the Singapore dollar nominal effective exchange rate (SGD NEER) policy band to flat from +0.5% per annum currently.” 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 Economists urge China to postpone additional phase one US imports – SCMP FX Street 2 years The Monetary Authority of Singapore (MAS) will ease in April in the opinion of economists at Standard Chartered Bank who have also lowered their 2020 growth forecast for the country. USD/SGD is trading at 1.388. Key quotes “We downgrade our 2020 growth forecast to 0.8% from 1.4%. The government has also lowered its 2020 growth forecast to a range of -0.5 to +1.5%, from +0.5-2.5%. Our base-case assumption is that the negative growth impact of the virus will be felt most acutely in Q1, and that it will be mostly contained by end-March, both in terms of infection numbers and… 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.
