Adjust the policy via three levers: slope, midpoint, and width of the policy band.
Bank of America analysts said, “I’m sure policymakers were more concerned about near-term price pressures last year. As concerns shift to the medium there is,” he said.
Six analysts expect no change in monetary policy at all, citing the weak economic outlook.
“Inflation beat official forecasts, but domestic supply prices slowed amid falling import prices. Business expectations, the headline leading index and non-oil domestic exports were all negative,” DBS analysts said. said.
“Given that Singapore is a price taker in the global economy, the status quo on the SGD NEER policy is in line with the trend of major central banks moving from dovish rate hikes to hawkish moratoriums,” they said. added.
https://www.channelnewsasia.com/business/singapore-monetary-authority-singapore-tighten-monetary-policy-inflation-3395476 Singapore likely to tighten monetary policy amid inflation persists: analyst