Kathryn Macro: Singapore's Monetary Authority Economic Outlook Supports Loosening Monetary Policy in October

On July 26th, Jinshi data reported that Shivaan Tandon, a macroeconomist at Capital Economics, said that the slightly mild statement issued by the Monetary Authority of Singapore at the July meeting has given Capital Economics more confidence that the Monetary Authority of Singapore may relax policies in October. Tandon said that the Monetary Authority of Singapore now seems to have reduced its concerns about inflation, because it has made some adjustments to its statements in July and April. He also said that the Monetary Authority of Singapore did not provide any significant clues about the next step, but seems to have more confidence in the inflation outlook. In addition, the Monetary Authority of Singapore may drop the slope of the nominal effective Exchange Rate range of the Singapore dollar, indicating its tendency to slow down the appreciation of the Singapore dollar in the next few quarters.