14 Apr 2014
MAS maintains policy stance, Singapore Q1 GDP eases - ANZ
FXStreet (Bali) - A Khoon Goh and Daniel Wilson, ANZ Researchers, note, MAS kept policy unchanged today, as widely expected.
Key Quotes
"Headline inflation forecasts revised lower, but core inflation expected to remain elevated."
"The hurdle for a change in the policy stance is very high. MAS remains very comfortable with current policy settings."
"Singapore’s advanced estimate of Q1 2014 GDP moderated to 5.1% y/y (0.1% q/q saar) from 5.5% y/y (6.1% q/q saar) in Q4 2013. We continue to expect growth to moderate closer to potential at 3.5% y/y full year 2014."
Key Quotes
"Headline inflation forecasts revised lower, but core inflation expected to remain elevated."
"The hurdle for a change in the policy stance is very high. MAS remains very comfortable with current policy settings."
"Singapore’s advanced estimate of Q1 2014 GDP moderated to 5.1% y/y (0.1% q/q saar) from 5.5% y/y (6.1% q/q saar) in Q4 2013. We continue to expect growth to moderate closer to potential at 3.5% y/y full year 2014."