{"id":67104,"date":"2026-04-02T09:11:22","date_gmt":"2026-04-02T02:11:22","guid":{"rendered":"https:\/\/hbbgroup.net\/sgd-mas-tightening-path-supports-currency-standard-chartered\/"},"modified":"2026-04-02T09:11:22","modified_gmt":"2026-04-02T02:11:22","slug":"sgd-mas-tightening-path-supports-currency-standard-chartered","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/sgd-mas-tightening-path-supports-currency-standard-chartered\/","title":{"rendered":"SGD: MAS tightening path supports currency \u2013 Standard Chartered"},"content":{"rendered":"<div id=\"post-content-section\">\n<p>Standard Chartered\u2019s Edward Lee and Jonathan Koh expect the Monetary Authority of Singapore to steepen the SGD NEER slope by 50bps in April, partially reversing pre-emptive easing from H1-2025 while keeping the band unchanged. They highlight higher Oil prices, increased inflation forecasts, and Singapore\u2019s safe-haven status, and prefer to fade dips in SGD NEER around 1.0\u20131.5% above the policy mid-point.<\/p>\n<h2>MAS stance underpins Singapore Dollar<\/h2>\n<p>&#8220;We expect the Monetary Authority of Singapore (MAS) to steepen the SGD NEER slope by 50bps in April to +1.0% per annum, while keeping the centre and the +\/-2% policy band unchanged.&#8221;<\/p>\n<p>&#8220;Reflecting higher oil prices, we raise both our core and headline inflation forecasts for 2026 to 2.5% from 1.5% previously.&#8221;<\/p>\n<p>&#8220;On balance, we expect the MAS to first partially remove 2025\u2019s pre-emptive easing and then assess the evolving Middle East situation.&#8221;<\/p>\n<p>&#8220;We maintain our constructive <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor>outlook<\/a> on the SGD versus regional peers.&#8221;<\/p>\n<p>&#8220;As a result, we prefer to fade dips in SGD NEER at c.1.0-1.5% above the mid-point of the policy band.&#8221;<\/p>\n<p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Standard Chartered\u2019s Edward Lee and Jonathan Koh expect the Monetary Authority of Singapore to steepen the SGD NEER slope by [&hellip;]<\/p>","protected":false},"author":5,"featured_media":67106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222],"tags":[],"class_list":["post-67104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ngoai-hoi"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/67104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=67104"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/67104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/67106"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=67104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=67104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=67104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}