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2026-04-09 11:43:51
[Bank of America Securities predicts the Monetary Authority of Singapore (MAS) will moderately tighten monetary policy in April] (1) Bank of America Securities analysts Kai Wei Ang and Rahul Bajoria said the MAS may tighten monetary policy in April, but will maintain a generally balanced policy tone. They expect the central bank to raise the slope of the exchange rate band by 50 basis points, an outcome that may already be widely expected by the market. (2) The central bank may describe this adjustment as “moderate” as it continues to weigh short-term inflation risks against medium-term growth concerns. (3) Economists believe the central bank may take further tightening action in July, but this depends on the April monetary policy statement to be released next week. The MAS uses the exchange rate as a policy tool because its trade flows far exceed domestic economic activity.
