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MAS Expected To Hold Off Policy Adjustment For Now

SGD

The MAS are expected to keep policy settings on hold at the upcoming meeting, allowing time for the recovery to gain a firmer footing and assess the impact of any upcoming FOMC action.

  • Rising inflation could be concern for the MAS, but an uneven recovery as evidenced by uncertainty in the labour market likely outweighs those concerns
  • The MAS will likely signal a hawkish outlook for the next meeting scheduled for October 2022
  • GDP data, released on the same day, will allow markets to assess progress towards the pre-pandemic growth path.
  • Decision due at 0100BST/0800HKT
  • Full preview here:
  • October 2021- Wait and See

    October 2021- Wait and Seemarketnews.com


    Executive Summary: The MAS are expected to keep policy settings on hold at the upcoming meeting, allowing time for the recovery to gain a firmer footing and assess the impact of any upcoming FOMC action.Rising inflation could be concern for the MAS, but an uneven recovery as evidenced by uncertainty...

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