MAS urged to switch to quarterly meetings

To avoid wrong-footing investors.

A report by Bloomberg noted that according to economists, the Monetary Authority of Singapore may need to increase the frequency of its policy announcements to avoid wrong-footing investors as it did in January.

The Monetary Authority of Singapore sent the local dollar plunging to the weakest since 2010 on Jan. 28 when it unexpectedly eased policy months before the twice-a-year meeting scheduled for April 14.

Switching to quarterly meetings would also let policy makers be more nimble as market volatility increases, according to banks including Credit Suisse Group AG and Bank of America Corp.

Read the full report here.

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