Singapore MAS to Hold Currency Settings in Face of Sticky Prices [Yahoo! Finance]
UNITED OVRSEAS BK S/ADR (UOVEY)
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Source: Yahoo! Finance
(Bloomberg) -- Singapore is set to buck the global easing trend and keep its policy bearings on hold as officials use the strength of the currency to tackle still-exorbitant living costs. Most Read from Bloomberg The Monetary Authority of Singapore is expected to keep the slope, center and width of its currency band steady, though policymakers may strike a dovish tone to pave the way for a shift in stance next year when price pressures abate. All but three economists in a Bloomberg survey see no change to policy on Monday. United Overseas Bank Ltd. is one of the handful of analysts who expect an early pivot to easing. While central banks in the US, Europe and parts of Asia have begun cutting interest rates as inflation drops from its post-pandemic peaks, the deceleration in consumer prices has slowed in Singapore, which imports the lion's share of basic goods. The MAS uses the exchange rate rather than interest rates to control price growth, guiding the local dollar against a b
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