OCBC analysts forecast a slight steepening of the MAS S$NEER policy band, though the Singapore Dollar is expected to remain stable as the tightening is already reflected in current market pricing.
MAS tightening is largely priced in, so the immediate SGD reaction is expected to be muted despite the anticipated steepening of the S$NEER policy band.
OCBC strategists anticipate the Monetary Authority of Singapore will slightly steepen the S$NEER policy band during Wednesday's meeting. Markets have largely priced in this tightening move, suggesting the Singapore Dollar may see a muted immediate reaction.
Strategists expect the MAS to slightly steepen the slope of the S$NEER policy band.
The SGD reaction is expected to be muted because the tightening move is already largely priced into the market.