HSBC economist Liu Yun noted in a research report that the Monetary Authority of Singapore is anticipated to keep its monetary policy settings unchanged later this week, though a tightening move could be on the table in April.

She stated, "The MAS has historically been a frontrunner in Asian monetary policy, making it a potential candidate for normalization when market discussions heat up." However, given the absence of any major data releases so far this year, the current moment may not be the most opportune time for the central bank to initiate policy tightening.