FW: [Maybank] Eyeing MAS Tomorrow

 

 

Eyeing MAS Tomorrow Global Markets Daily by Saktiandi Supaat FX Research MAS will announce its semi-annual policy decision tomorrow and our long-held house view is for the MAS to normalise monetary policy with a shift to a "modest and gradual appreciation" path from its current neutral stance. The negative output gap shows signs of turning positive, signaling sustained price pressures going into 2019. In addition, our Taylor Rule-SGD NEER estimates show that the SGD NEER is expected to strengthen ahead. Thus, the appropriate policy response would be for ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.