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MAS Expected To Remain On Hold

SGD

The Singapore MAS decision is due shortly. The consensus is for no change in the major policy parameters. See our full preview here.

  • USD/SGD is relatively steady in the first part of Friday trade, last near 1.3525/30. The SGD NEER (per Goldman Sachs estimates) is around 0.55% below the top end of the policy band.
  • Note we also get Q1 GDP advance estimates. The market looks for +0.5% q/q (prior 1.2%), and +3.0% y/y (versus 2.2% prior).

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