Singapore's MAS May Tighten Policy, Pimco Says
- 30% probability MAS may raise slope of currency band slightly
- MAS has kept policy stance unchanged since April last year
The Singapore national flag flies next to signage for the Monetary Authority of Singapore (MAS) displayed outside the central bank's headquarters in Singapore.
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There’s a chance the Monetary Authority of Singapore may surprise financial markets by tightening its policy stance this month, according to Pacific Investment Management Co., a move that could make it among the first central banks in Asia to do so.
Economic indicators are pointing to an improved growth outlook in the city state, while core inflation could approach 2 percent this year, the top of the MAS’s forecast range, Roland Mieth, an emerging-market fund manager at Pimco in Singapore, said in an interview.