Singapore to release advance Q1 GDP estimates, monetary policy decision on April 14

Tourists walking along Marina Bay Sands.
Tourists walking along Marina Bay Sands.PHOTO: ST FILE

SINGAPORE - The Ministry of Trade and Industry (MTI) will release the advance GDP estimates for the first quarter of 2016 on April 14 at 8.00 am.

On the same day and time, the Monetary Authority of Singapore (MAS) will announce its semi-annual monetary policy decision which affects the movement of the Singapore dollar against other currencies.

Private economists surveyed by Singapore's central bank have cut their forecast for growth in the January to March quarter to 1.6 per cent from 1.8 per cent previously.

They also lowered their predictions for full-year growth to 1.9 per cent from 2.2 per cent.

The Government has said it expects the economy to grow 1 to 3 per cent this year.

Economists, meanwhile, generally expect MAS to keep monetary policy steady at next week's scheduled review, but some say easing is possible because of the weaker economic outlook and low inflation.