保持

2022年10月14日

新加坡金融管理局的总部在新加坡6月28日,2017年。的照片,摄于2017年6月28日。新加坡收紧货币政策的预期今年第四次抗击通胀14年高位附近徘徊,并把门打开进一步政策行动,警告称,增长和价格前景面临的风险。这家新加坡金融管理局(MAS)正好与单独的数据显示这个城市国家的经济在第三季度的表现,并扩展了几个国家的紧缩行动同步,由美国联邦储备理事会(美联储,fed)。金管局表示,它将re-centre中点的交换率政策乐队的水平,但是保留了乐队的斜率和宽度不变。中央银行在1月和7月两个非周期的紧缩措施控制通货膨胀的trade-reliant亚洲金融中心。周五的举动,被一些人视为不那么咄咄逼人,MAS三个杠杆在其政策调整后只有一个乐队,标志着去年10月以来第五次收紧。“金管局可能没有大幅上涨的另一个双筒举措,因为还有全球和本地利率上升,“Song Seng Wun说,联昌国际私人银行的经济学家。“利率上升应有助于酷一些当地需求的压力。”MAS last made a double-barrel move - adjusting two policy levers - in April. Analysts were split on how aggressively MAS would tighten this round. The central bank said all the tightening moves so far will further reduce imported inflation but cautioned about persistent cost pressures - a common theme for the Fed and many other policymakers as they battle rampant inflation even as recession risks have intensified. "The Singapore economy will grow at a slower pace in tandem with weakening global demand," MAS said. "However, core inflation will stay elevated over the next few quarters, as imported inflation remains significant and a tight labour market supports strong wage increases," it added in its statement. Hours after the policy move, the government proposed a S$1.5 billion ($1.05 billion) inflation-relief package for all Singaporean households. [L1N31F0DJ] The city-state's economy, which has fully opened up after the country eased COVID-19 curbs, expanded by 4.4% in the third quarter, easily beating consensus of 3.4% growth, according to advance estimates from the Ministry of Trade and Industry also released on Friday. Growth was boosted by the services and construction sectors. The Singapore dollar strengthened against the U.S. dollar, and was last up 0.64% at $1.4214. It is Asia's best performing currency this year despite about a 5% loss on the greenback, compared with double-digit drops for most of its regional peers. RISKS TO OUTLOOK The MAS manages monetary policy through exchange rate settings, rather than interest rates, as trade flows dwarf its economy. It adjusts its policy via three levers: the slope, mid-point and width of the policy band, which let the Singapore dollar rise or fall against the currencies of its main trading partners within an undisclosed band. The core inflation rate -- the central bank's favoured price measure - rose to 5.1% in August year-on-year. It was 4.8% in July. MAS said core inflation is likely to stay at about 5% for the rest of 2022, and into early 2023. On a quarter-on-quarter seasonally adjusted basis, GDP expanded 1.5% in July-September. The central bank said growth in Singapore's key trading partners should stay positive in 2023, but warned of risks to the outlook. "However, further shocks, including from geopolitical tensions, could drive inflation higher and cause full-year recessions in some key economies." ($1 = 1.4229 Singapore dollars)