Just a heads up on the SGD and the monetary policy announcement coming up from the Monetary Authority of Singapore today
Both the Bloomberg and Reuters surveys of economists ahead of the meeting have a tiny majority expecting a tightening from MAS
Ravi Menon is managing director at the Monetary Authority of Singapore, he spoke in an interview on Tuesday and while not giving anything away on expected decisions he was not downbeat
On the global economy
- "We're not seeing any major collapses in growth in any part of the world"
- "What is interesting I think is the underlying resilience of the global economy"
On trade tensions (between the US and China mainly):
- "The bigger casualty may well not be trade but investment
- If corporates start feeling uneasy or uncertain about their future, they may well not make investments and that may well have a much stronger impact."
Menon spoke with Bloomberg
