Singapore likely to mull over an easing in FX policy

Analyst predicts 25% probability.

According to Nomura, the probability of an easing in FX policy at the April meeting (around 25%) is likely to carry the next highest probability and would be supported by weak growth momentum (recent IP and NODX data) and the forecast of softer headline inflation.

However, this scenario looks more likely at the October MAS meeting than in April, as authorities will likely be watching for evidence that headline inflation will trend sharply lower, which should also be supported by Nomura Economics‟ forecast for weak H2 2013 growth in Europe and a cyclical downturn in China.

"The scenario of a tightening in FX policy at the April meeting is extremely low (5%) in our view. We do not believe the authorities see upside risks to overall inflation and will turn much more optimistic on the global growth backdrop," Nomura said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia