Monetary Authority of Singapore in wait-and-see mode

Monetary Authority of Singapore keeps SGD NEER policy band's slope, width and centre unchanged, after easing in January.

GDP growth surprised positively in Q1, and is likely to improve as the year progresses.

"We expect a gradual move higher in USD-SGD (Q2: 1.39), driven by broad USD strength. Interest rates to stabilise; we forecast 3M SIBOR at 1.25% and 6M SOR at 1.3% by end-2015" - said Standard Chartered in a report