Singapore Set to Forgo Easing to Save Tools for 'Brexit,' China
- `Really no reason' to change policy now, Nomura's Chan says
- MAS eased policy twice in 2015, reducing slope of trading band
A woman on the waterfront boardwalk of the Marina Bay Sands shopping mall takes in the view across of the Singapore business district skyline, on Wednesday, October 13, 2010.
Photographer: Munshi Ahmed/BloombergSingapore’s central bank will probably refrain from easing policy when it meets Thursday, saving its ammunition to fight a faltering global economy and political shocks that may spark turmoil later in the year.
The Monetary Authority of Singapore, which manages the economy through the currency rather than setting interest rates, will maintain its current stance, according to 12 of 18 economists surveyed by Bloomberg. The central bank eased policy in January and October last year, both times reducing the slope of the band it uses to guide the local currency versus an undisclosed trading basket.