RHB and UOB expect the Monetary Authority of Singapore to maintain its current monetary policy stance, according to economic reports published by the investment banks on Thursday.

RHB expects the policy parameters to remain unchanged, with the balance of risk likely to ease in the second half of the year. The bank attributed slower inflation and a decline in global prices of commodities as the key reasons behind this.

UOB reported that MAS is expected to ease policy in its upcoming Monetary Policy Statement in July.