随着新加坡金融管理局政策呼吁的临近,新加坡经济从第一季度放缓。打破共识是一个温和的支持性标题,但从第一季度的6.3%降至5.7%的减速是即将做出的政策决定的更相关细节,因为它显示,即使在中东局势进一步升级完全计入成本之前,势头也有所缓解。新加坡金融管理局(MAS)在4月份已经收紧了货币政策,专门是为了防范伊朗战争引发的通货膨胀,下一次审查将在月底前进行,通货膨胀预测已经上调,仅仅是稳健而非强劲的增长蓝图,给了央行有限的空间来证明除了保持更紧缩的政策立场之外的任何事情都是合理的。
Singapore economy cools from Q1 pace as MAS policy call nears.A beat on consensus is a modestly supportive headline, but the deceleration from Q1's 6.3% to 5.7% is the more relevant detail for the coming policy decision, since it shows momentum easing even before any further escalation in the Middle East feeds through fully to costs. The MAS already tightened in April specifically to guard against Iran war driven inflation, and with its next review due before month end and inflation forecasts already lifted, a growth print that is merely solid rather than strong gives the central bank limited room to justify anything other than holding its tighter policy stance.