Economics
Trade Risks Aside, Singapore Central Bank Is Ready to Tighten
- Majority of economists in Bloomberg survey predict adjustment
- Economic growth is solid, inflation remains in forecast range
The Tanjong Pagar container terminal, left, and buildings in the central business district are seen in Singapore.
Photographer: Darren Soh/Bloomberg
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Singapore’s central bank is one step closer to tightening monetary policy this week.
A majority of economists surveyed by Bloomberg predict policy makers will look past the latest trade skirmishes between the world’s two largest economies and assess the city state’s growth outlook as solid and inflation healthy. The Monetary Authority of Singapore, which uses the exchange rate as its main tool, has kept its policy unchanged since shifting to a neutral stance two years ago.