ANZ is one of the few institutions that anticipate maintaining the same policy until Wednesday's meeting. The bank said that if the risk of inflation is realized next year, the Singapore Monetary Authority may tighten the policy again. Khoon Goh, head of Asian research at the bank, said: “Although the GDP growth rate in the third quarter was stronger than expected, and the HKMA believes that core inflation will remain slightly higher in the short term, the effects of two consecutive rounds of austerity policies in April and July are still being transmitted.” “Therefore, the central bank sees no need for further austerity at this stage.” “This doesn't mean the austerity cycle is over.” “If the risk of rising inflation is realized next year, the HKMA may further tighten its policy.” Note: ANZ expects the Monetary Authority of Singapore to keep policy parameters unchanged in October. Note: Seventeen of the 20 economists surveyed in the media had expected the Monetary Authority of Singapore to raise the slope of the policy range.

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