Singapore Dollar Set to Beat Peers With MAS Poised to Tighten
- MAS expected to change policy to control rising core inflation
- S$NEER’s band may be steepened, recentered and widened
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The Singapore dollar looks set to move up the regional currency rankings next quarter with rising core inflation expected to spur further policy tightening from the city-state’s central bank in April.
The currency should be better positioned to weather higher U.S. yields than most Asian peers. While other regional central banks remain content with accommodative policy, the Monetary Authority of Singapore appears set to change its exchange-rate band next month to allow for further local dollar appreciation.