SGD: Policy parameters expected to remain unchanged – DBS Bank
|The Monetary Authority of Singapore is anticipated to maintain the parameters of the SGD NEER policy band during its upcoming review. Current assessments suggest limited downside for USD/SGD, with the exchange rate expected to hold above 1.2675. Philip Wee, Senior FX Strategist at DBS Bank notes.
SGD policy outlook remains stable
"We expect the Monetary Authority of Singapore to keep the three parameters – the slope, mid-point, and width – of the SGD NEER policy band unchanged at its policy review scheduled for January 29."
"Per our model, the SGD NEER was 0.25% below the band’s ceiling this morning, suggesting that USD/SGD’s downside is limited to 1.2675, barring further declines in the USD globally."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
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