0259 GMT - The Monetary Authority of Singapore is likely to flatten the slope of the Singapore dollar policy band in 4Q, as evidence of a sharper slowdown and disinflation emerges, say Citi analysts in a note. Singapore adjusts its monetary policy framework by managing the currency rather than interest rates. While growth in 1H has remained firm amid front-loading of exports ahead of potential tariffs, growth is expected to decelerate into 2H with a likely technical recession, they say. MAS reduced the slope in January and April by 50 bps each, they note. With data better than expected so far, Citi expects MAS to pause in July, but flatten the slope in October once clearer signs of slowdown and disinflation are evident. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

July 23, 2025 22:59 ET (02:59 GMT)

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