HALISTER1: Credit Suisse Cuts Singapore 2016 GDP Est. on Weak Global Growth

Credit Suisse Cuts Singapore 2016 GDP Est. on Weak Global Growth

(Bloomberg) -- Credit Suisse lowers Singapore’s 2016 GDP expansion forecast to 1.7% from 1.9% previously, citing weaker global growth, according to note dated March 10.
  • Lowers its MAS core inflation projection to 0.6% from 0.9%
  • Expects MAS to keep exchange-rate policy stance on hold in April
  • Has end-2016 predictions of 1.4100 for USD/SGD and 1.75% for 3-mo. interbank offered rate
  • NOTE: DBS cuts 2016 GDP growth forecast to 1.5% from 2.1%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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