Singapore's Q1 growth estimates, monetary policy decision to be released on Apr 14

Advance estimates of Singapore's economic growth in the first three months of the year will be out on April 14, said the Ministry of Trade and Industry on Monday. -- ST FILE PHOTO: CAROLINE CHIA
Advance estimates of Singapore's economic growth in the first three months of the year will be out on April 14, said the Ministry of Trade and Industry on Monday. -- ST FILE PHOTO: CAROLINE CHIA

SINGAPORE - Advance estimates of Singapore's economic growth in the first three months of the year will be out on April 14, said the Ministry of Trade and Industry on Monday.

The Monetary Authority of Singapore (MAS) will also release its semi-annual monetary policy decision on that day, the central bank said.

Both sets of data will be announced at 8am.

The advance growth estimates are computed largely from data in the first two months of the quarter and are intended as an early indication of growth in the quarter. They are subject to revision when more comprehensive data become available.

Economists polled by Reuters expect Singapore's economy to have grown 5.3 per cent in the January to March quarter compared with the same period the year before, and 0.2 per cent compared with the fourth quarter last year.

Most economists also tip that the MAS will maintain its monetary policy stance of a gradual and modest appreciation in the Singapore dollar against the nation's major trading partners.

Register here to get free digital access to The Straits Times until Aug 9, 2015.
Comments