SG Economics

SG Economics Credit Suisse sees MAS officially easing monetary policy in April by reducing the slope of exchange rate policy from around 2% per annum to possibly 0.5-1% pa. Underlying the change are, weaker outlook for headline inflation and soft near-term GDP outlook. Three- and 12-months USDSGD forecasts are raised to 1.355 from 1.305 and 1.310 respectively.