Singapore central bank says monetary policy unchanged from October

Author: Eamonn Sheridan | Category: Central Banks

Some data out of Singapore and comments from the Monetary Authority of Singapore 

  • Singapore q4 gdp +3.6 pct y/y (reutters poll +2.9 pct)
  • Singapore revises 2017 gdp growth to 3.6 pct (advance estimate 3.5 pct)
  • Ministry or Trade and Industry says central view is for 2018 gdp growth to come in slightly above middle of 1.5 to 3.5 pct forecast range
  • q4 manufacturing -14.8 pct q/q at annualised, seasonally adjusted rate
  •  q4 services +6.3 pct q/q at annualised, seasonally adjusted rate
  • q4 finance and insurance +12.6 q/q at annualised, seasonally adjusted rate
  • Singapore trade agency raises 2018 NODX growth forecast to 1 to 3 pct (previous forecast 0 to 2 pct)
  • Singapore trade agency raises 2018 total merchandise trade growth forecast to 3 to 5 pct (previous forecast 1.5 to 3.5 pct)
  • Singapore trade agency says nodx rose 8.8 pct in 2017, total merchandise trade rose 11.1 pct in 2017
MAS:
  • sees limited spillover from recent market moves
  • monetary policy stance remains as since October
  • MAS has not changed core or CPI forecasts since October
 
more to come