MAS policy decision hinges on state of economy, not Brexit: Citi

SINGAPORE (June 20): Any decision by the Monetary Authority of Singapore to tinker with the currency policy hinges on the "assessment of the real economy" even if Britain were to exit the EU, Citi says.

The UK is scheduled to hold the referendum of Thursday, an event that may weigh on financial markets globally.

“If Brexit were to happen, whether MAS re-centers the band downwards will depend on its assessment of the real economy, which may depend heavily on incoming data,” Citi says.

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