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VIEW: Goldman Still Look For Slope Increase To SGDNEER In October

SINGAPORE

Goldman Sachs note that “given today's re-centering but with continuing upside risks to the inflation trajectory given the sticky nature of core inflation, scheduled GST hike and progressive wage model scheme expected to take effect later this year, we continue to expect MAS to deliver an additional tightening this year with another 50bp slope increase (to 2.0%/annum) but we are now not expecting any recentering at the next bi-annual meeting in October 2022.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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