Singdollar hit by hawkish Fed; analysts eye MAS' next move

Singapore stocks were down by a quarter of a per cent, which was relatively modest. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Singapore stocks ended flat and its currency retreated to a 29-month low against the US dollar after the Federal Reserve signalled that it would raise interest rates to a higher level than it had earlier indicated.

While most analysts still believe the Monetary Authority of Singapore (MAS) will make another tightening move in October, some doubts are now emerging on how aggressive the move will be.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.