Currencies
Singapore Dollar Has Chance of Three-Peat on Inflation Fight
- MAS kept its appreciating policy band at both 2023 meetings
- Barclays sees increased risk MAS will steepen slope in 2024
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The Singapore dollar beat out all its Asian counterparts in each of the past two years. The chance of leading the region for a third straight year rests with the central bank.
The currency gained 1.5% in 2023 as the Monetary Authority of Singapore kept its policy band with an appreciating bias at both its April and October meetings to counter inflation. Economists predict the MAS will maintain that setting again this year, with some even anticipating further tightening if inflation proves intractable.