MAS surprise tightening supports SGD – HSBC
HSBC’s Abhilash Narayan notes that the Monetary Authority of Singapore (MAS) unexpectedly tightened policy on 27 July 2026 by raising the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope to 1.25%. Supported by strong Gross Domestic Product (GDP) prospects, Narayan now forecasts 4.6% growth for 2026. He expects another MAS tightening in October and maintains an overweight stance…











