FW: [Maybank] SGD – No Time Like The Present To Normalise

 

 

SGD – No Time Like The Present To Normalise FX Insight by Saktiandi Supaat FX Research The negative output gap shows signs of turning positive, signalling 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 the MAS to normalise monetary policy by shifting to a "modest and gradual appreciate" stance at its 13 Apr meeting. We remain positive on the SGD and maintain our USDSGD forecast for now. 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.