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Singapore may bring forward monetary easing amid growth scare from Trump’s tariffs
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The 10 per cent baseline tariff for Singapore and other US trading partners around the world came into effect on April 5.
PHOTO: ST FILE
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SINGAPORE – The inevitability of a global economic slowdown in the wake of US tariffs being imposed has raised expectations that Singapore’s central bank will ease its local dollar policy stance in its next meeting likely on April 14.
Most analysts now believe that the Monetary Authority of Singapore (MAS) will further slow the pace of the local dollar’s trade-weighted appreciation, referred to as the Singapore dollar nominal effective exchange rate (S$Neer). This is a shift in expectations from only a few days ago, when the consensus was that MAS would stay put until July.
