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Inflation remains top concern for central bankers:DBS
The adjustment in MAS's exchange rate policy is geared towards medium term inflation and growth outlook.
According to DBS, they are maintaining their call for further tightening by the MAS in April.
It should be noted that the impact from Japan will most likely be transient.
Last year, MAS implemented two rounds of aggressive tightening despite risk aversion in the financial markets during the European debt crisis and worries of a double dip recession in the US.
Singapore should therefore not forget about the big picture: inflation still tops the list of concerns for central bankers and this should remain the focus of monetary policy, particularly in Asia.
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