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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.