Morgan Stanley Economist: Singapore Unlikely to Tighten Monetary Policy Further in July

Morgan Stanley Asia economist Derek Y. Kam stated in a research report that given the current economic situation, the Monetary Authority of Singapore is unlikely to further tighten monetary policy in July. According to Jin10, the Monetary Authority of Singapore is concerned about potential downside risks to economic growth prospects. However, if rising energy prices significantly impact core inflation or if economic growth outcomes become more optimistic, this could prompt the institution to take further tightening measures.