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Bank of Singapore: 70% chance MAS’ FX policy will remain unchanged

7 October 2016
huGO-BildID: 39959491 A logo is seen at a branch office of private Bank J. Safra Sarasin in Basel October 26, 2014. Swiss authorities have searched the offices of private Bank J. Safra Sarasin as part of a probe led by German prosecutors into dividend stripping, an investment strategy that can be used to help clients avoid taxes, a Zurich prosecutor said. Authorities searched Sarasin's offices in Basel and Zurich on Thursday, as well as others connected to the bank, in a broader investigation into so-called "cum ex" dividend deals, Zurich deputy prosecutor Marcel Strassburger told Reuters. REUTERS/Arnd Wiegmann (SWITZERLAND – Tags: BUSINESS LOGO)

Following two consecutive rounds of easing and an improved core inflation outlook, Bank of Singapore believes there’s a 70% chance that the Monetary of Singapore (MAS) will keep its FX policy in tact. According to the bank, MAS is likely to maintain the SGD NEER (nominal effective exchange rate) policy band’s neutral slope for two reasons. First, it is more…

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