Singapore to issue monetary policy statement, 1Q GDP data on April 13

SINGAPORE (April 6): Singapore will issue the central bank’s semiannual monetary policy statement and data on first-quarter gross domestic product on April 13, authorities said on Thursday. The Monetary Authority of Singapore (MAS) will announce its monetary policy decision next Thursday at 8am local time (0000 GMT), the central bank said on its website. The government’s advance estimate of first-quarter GDP will be released at the same time, according to a statement from the Ministry of Trade and Industry. Singapore’s central bank is widely expected to keep its exchange-rate based monetary policy unchanged at next week’s review. A pick-up in exports and factory output since late 2016 have reduced expectations for any policy easing. At the same time, inflationary pressures have been subdued, which analysts say limits the need for policy tightening at this point.

Full article: http://www.malaysiaglobalbusinessforum.com/post/article/s...

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