SINGAPORE (April 5): Maybank Kim Eng expects Singapore’s central bank to normalise and shift to a “slight appreciation bias” for the S$NEER band from its current neutral stance, which has been in place since April 2016.

This comes prior to the MAS biannual monetary decision and the release of 1Q flash GDP data, which is expected to occur in mid-April.

Maybank is forecasting for 1Q flash GDP growth to reach about 4.2% on-year, led by a surge in manufacturing over Jan to Feb with services likely to have expanded more than 3%... (Click here to read the full story)