0708 GMT - The Monetary Authority of Singapore's move today to raise the slope of the Singapore dollar nominal effective exchange rate's policy band "very slightly" probably signals fine-tuning rather than accelerating tightening cycle, says Goldman Sachs' Economics team in a research report. The MAS' move likely raises the SGD NEER slope by 25 bps to 1.25% per year from 1.00% per year and keeps monetary policy mildly restrictive, while preserving flexibility amid heightened global uncertainty, they estimate. GS expects the MAS to leave monetary policy settings unchanged for the rest of 2026, though it notes that risks of further tightening increase if global energy prices continue to rise and remain at an elevated level for a prolonged period. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 27, 2026 03:08 ET (07:08 GMT)
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