Singapore will be releasing the advance GDP estimates for Q1-08 and the semi-annual monetary policy statement on 10th April 2008. Even though a technical recession is not expected, the slower growth momentum in certain sectors is likely to see GDP growth moderate. Singapore’s January CPI inflation came in much higher than expected, the highest in [...]
Entries Tagged as 'Singapore Dollars'
Singapore: No technical recession yet but growth is likely to slow in Q1-08
April 7th, 2008 · No Comments
Tags: Singapore Dollars
Further SGD Appreciation Remains Confident
April 7th, 2008 · No Comments
Although there has been a marked deceleration in exports and the trade weighted NEER is trading on the strong side of the fluctuation band, market remains confident about further SGD appreciation and forecast end-2008 USD/SGD at 1.35.
Export growth is weak and broadbased, encompassing both the electronics and pharmaceuticals sector. Electronics exports were weak through most [...]
Tags: Singapore Dollars
Singapore Dollar Focus
April 2nd, 2008 · No Comments
The Monetary Authority of Singapore (MAS) is likely to keep its FX appreciation policy unchanged in its April 10 monetary policy statement. Inflation is higher than expected and 2008 GDP growth is forecast to slow, but should remain within the potential 4-6% range. However, with the S$NEER close to the extreme strong side of the [...]
Tags: Singapore Dollars