MAS Move Likely Signals Fine-Tuning Rather than Accelerating Tightening Cycle

Dow Jones

Jul 27

0708 GMT - The Monetary Authority of Singapore's move today to raise the slope of the Singapore dollar nominal effective exchange rate's policy band "very slightly" probably signals fine-tuning rather than accelerating tightening cycle, says Goldman Sachs' Economics team in a research report. The MAS' move likely raises the SGD NEER slope by 25 bps to 1.25% per year from 1.00% per year and keeps monetary policy mildly restrictive, while preserving flexibility amid heightened global uncertainty, they estimate. GS expects the MAS to leave monetary policy settings unchanged for the rest of 2026, though it notes that risks of further tightening increase if global energy prices continue to rise and remain at an elevated level for a prolonged period. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 27, 2026 03:08 ET (07:08 GMT)

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The MAS' move likely raises the SGD NEER slope by 25 bps to 1.25% per year from 1.00% per year and keeps monetary policy mildly restrictive, while preserving flexibility amid heightened global uncertainty, they estimate. GS expects the MAS to leave monetary policy settings unchanged for the rest of 2026, though it notes that risks of further tightening increase if global energy prices continue to rise and remain at an elevated level for a prolonged period. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 27, 2026 03:08 ET (07:08 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MAS Move Likely Signals Fine-Tuning Rather than Accelerating Tightening Cycle</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMAS Move Likely Signals Fine-Tuning Rather than Accelerating Tightening Cycle\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-27 15:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0708 GMT - The Monetary Authority of Singapore's move today to raise the slope of the Singapore dollar nominal effective exchange rate's policy band \"very slightly\" probably signals fine-tuning rather than accelerating tightening cycle, says Goldman Sachs' Economics team in a research report. The MAS' move likely raises the SGD NEER slope by 25 bps to 1.25% per year from 1.00% per year and keeps monetary policy mildly restrictive, while preserving flexibility amid heightened global uncertainty, they estimate. GS expects the MAS to leave monetary policy settings unchanged for the rest of 2026, though it notes that risks of further tightening increase if global energy prices continue to rise and remain at an elevated level for a prolonged period. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 27, 2026 03:08 ET (07:08 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MAS","symbol_name":"马斯科","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2654097145","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2654097145","pubTimestamp":1785136080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0708 GMT - The Monetary Authority of Singapore's move today to raise the slope of the Singapore dollar nominal effective exchange rate's policy band \"very slightly\" probably signals fine-tuning rather than accelerating tightening cycle, says Goldman Sachs' Economics team in a research report. The MAS' move likely raises the SGD NEER slope by 25 bps to 1.25% per year from 1.00% per year and keeps monetary policy mildly restrictive, while preserving flexibility amid heightened global uncertainty, they estimate. GS expects the MAS to leave monetary policy settings unchanged for the rest of 2026, though it notes that risks of further tightening increase if global energy prices continue to rise and remain at an elevated level for a prolonged period.  Dow Jones NewswiresJuly 27, 2026 03:08 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"MAS":"马斯科"},"translate_title":"质量移动可能表明微调而不是加速紧缩周期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAS":1.5},"content_text":"0708 GMT - The Monetary Authority of Singapore's move today to raise the slope of the Singapore dollar nominal effective exchange rate's policy band \"very slightly\" probably signals fine-tuning rather than accelerating tightening cycle, says Goldman Sachs' Economics team in a research report. The MAS' move likely raises the SGD NEER slope by 25 bps to 1.25% per year from 1.00% per year and keeps monetary policy mildly restrictive, while preserving flexibility amid heightened global uncertainty, they estimate. GS expects the MAS to leave monetary policy settings unchanged for the rest of 2026, though it notes that risks of further tightening increase if global energy prices continue to rise and remain at an elevated level for a prolonged period. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 27, 2026 03:08 ET (07:08 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}