Singapore: Balancing growth and inflation
- Advance GDP estimates for 1Q22 moderated to 3.4% YoY (0.4% QoQ sa)
- MAS has tightened its exchange rate policy significantly to anchor inflation
- Implications for our forecast – we have raised our inflation forecast to 4.6%
- Implications for investors –USD/SGD is expected to peak at 1.39 in 3Q22
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DBS Bank Ltd., 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982. Tel: 65-878-9999. Company Registration No. 196800306E.
DBS Bank Ltd., Hong Kong Branch, a company incorporated in Singapore with limited liability. 18th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong SAR.
DBS Bank (Hong Kong) Limited, a company incorporated in Hong Kong with limited liability. 11th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong SAR.