QUOTE(Hansel @ Oct 9 2019, 04:58 PM)
To keep in line with current economic conditions, MAS may tilt slightly the policy on Monday at its MPS Meeting from what it was at last year's mtg. The band may not need to be flattened totally. But it may be widened to allow more movements, letting the SGD weaken with mkt forces.
This is provided there are no more major negative news from now till Monday morning.
Let's see.
The above prediction looks right from the policy band being tilted down slightly, BUT it was not re-centred, and neither was the width of the band widened !
Things is, bros,... look at the movement of the SGD vs other currencies now,... did it weaken ? But of course, many would argue, it is still early days,...
In spite of the Ringgit having two factors 'supporting it' this morning,... one is the good Budget last Friday and the easing of the SGD this morning,.. this is how it is behaving now,....
https://finance.yahoo.com/chart/SGDMYR%3DX#...XRlIn19fQ%3D%3DStill early, perhaps,... however, the knee-jerk reaction is not encouraging,...