TD Securities analysis team is expecting the MAS to reduce the slope of the SGD nominal effective exchange rate (SNEER) band by 50bp to what would amount to a 0.5% per annum slope according to our model, following an unchanged outcome in April.
“We expect MAS to maintain its policy of "modest, gradual appreciation of SGD". We expect the width and center of the SNEER band to remain unchanged. While not our base case we see risks skewed towards a bigger than forecast 100bp slope reduction to 0% vs. a no change outcome.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.