Singapore Unexpectedly Raises Currency Slope Slightly

The transcript discusses inflation expectations in Singapore, highlighting the Monetary Authority of Singapore's (MAS) forward-looking approach to monetary policy. It reviews past policy moves, such as the 2020 easing, and current inflationary pressures, particularly in food and fuel. The MAS's decision to adjust the currency band slope is noted as a surprise, reflecting a trend among central banks to address rising inflation. The transcript emphasizes the importance of anticipating global economic shifts, including oil price trends and actions by other central banks like the Fed and Bank of Korea.

What was the surprising forecast for Singapore's inflation rate in 2022 according to the MAS?

• Between 0.5% to 1%

• Between 3% to 4%

• Between 2% to 3%

• Between 1% to 2%

Which sector's inflationary pressures are not considered by Singapore's MAS, unlike Korea?

• Property sector

• Technology sector

• Fuel sector

• Food sector

What unexpected action did the MAS take regarding its currency band?

• Eliminated the slope

• Kept the slope unchanged

• Raised the slope

• Lowered the slope

How often does Singapore review its monetary policy compared to most central banks?

• Every 12 months

• Every 8 weeks

• Every 6 months

• Every 4 weeks

What is a significant global factor that Singapore must consider in its monetary policy?

• Agricultural output

• Technology advancements

• Oil prices

• Tourism rates