Datasets:
gtfintechlab
/
monetary_authority_of_singapore

Dataset card Data Studio Files
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Community
sentences
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int64
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2.02k
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int64
1
999
geo-political events and the slowdown in china’s growth also added to the downward pressure on the s$neer.
dovish
not forward looking
certain
2,014
829
car prices could also rise further in response to the tight coe supply, especially if car de-registrations remain at current low levels.
hawkish
forward looking
uncertain
2,012
927
against this external backdrop, activity in singapore’s trade-related sectors should support overall gdp growth in 2017.
neutral
forward looking
uncertain
2,017
550
in addition, sentiments for the s$ were boosted by the relatively smooth political succession in indonesia.
neutral
not forward looking
certain
2,002
455
however, we will increase slightly the slope of the s$neer policy band.
hawkish
forward looking
certain
2,007
766
overall cpi inflation in 2010 is projected to be between 2.5% and 3.5%, slightly higher than the 2-3% forecast earlier.
neutral
forward looking
uncertain
2,010
574
going forward, the for the singapore economy has improved.
neutral
forward looking
certain
2,004
421
in the g3 and most regional economies, improving labour markets will also underpin rising private consumption.
irrelevant
forward looking
certain
2,017
691
singapore dollar bilateral exchange rate domestic interest rates continued to trend lower in the first half of 2002, with the three-month interbank rate easing from 1.25% at end-2001 to 1.06% at end-q1 2002 and 0.88% at end-q2.
dovish
not forward looking
certain
2,002
690
this is part of mas’ continuing efforts to enhance communications.
irrelevant
forward looking
certain
2,023
650
mas re-centred the s$neer policy band upwards in april this year, with no change to the slope and width of the band, amidst tight factor markets and strong pressures on domestic costs and prices.
hawkish
not forward looking
certain
2,011
890
financial conditions are mostly favourable with inflation well-contained.
neutral
not forward looking
certain
2,007
954
there are nascent signs that the downturn could spill over into domestic demand in some of singapore’s major trading partners in the quarters ahead, even as macroeconomic policy conditions in these economies have turned more accommodative.
dovish
forward looking
uncertain
2,019
585
this policy stance was assessed to be appropriate given the subdued for growth and inflation.
neutral
not forward looking
certain
2,017
519
our assessment at this point is for singapore’s gdp growth to ease to 4-6% this year, in line with the economy’s growth potential.
neutral
forward looking
certain
2,008
520
the higher inflation also reflected stronger economic conditions and the pass-through of rising business costs to retail prices.
hawkish
not forward looking
certain
2,007
10
the three-month domestic interbank rate edged up to 0.81% at end-september, compared to 0.63% at end-june, on the back of a sharp rise in long-term bond yields.
hawkish
not forward looking
certain
2,003
206
the trade and tourism-related services industries also showed healthy rates of expansion, supported by favourable external demand conditions, which are expected to be maintained in the year ahead.
neutral
forward looking
uncertain
2,006
819
growth was broad-based, with the manufacturing, construction, financial services and transport hub services sectors contributing to sustained economic activity.
neutral
not forward looking
certain
2,008
753
in april this year, mas reaffirmed the policy of a modest and gradual appreciation of the s$neer policy band which has been in place since april 2004.
hawkish
not forward looking
certain
2,007
491
mas will maintain the policy of a modest and gradual appreciation of the s$neer policy band.
hawkish
forward looking
certain
2,006
543
against this backdrop, prospects for singapore’s manufacturing sector and some trade-related services have dimmed.
dovish
forward looking
uncertain
2,022
666
however, global final demand should pick up later this year, as lower inflation sustains private consumption expenditure, and settings in the major economies turn more supportive.
dovish
forward looking
uncertain
2,024
308
excluding the impact of the gst increase in january this year, however, core inflation will be lower compared to 2022.
dovish
forward looking
certain
2,023
171
external sources of inflation are likely to weaken in the near term amid the global downturn.
dovish
forward looking
certain
2,020
45
s$ nominal effective exchange rate (s$neer) economic activity in singapore’s major trading partners was resilient in the last quarter of 2023.
neutral
not forward looking
certain
2,024
699
inflation for discretionary goods and services also stepped up, as household spending firmed and businesses passed on cost increases to consumers.
hawkish
not forward looking
certain
2,022
139
singapore’s economic growth is likely to ease in the next few quarters.
hawkish
forward looking
uncertain
2,008
216
singapore's three-month s$ interbank rate eased from 0.81% at end-2002 to 0.75% at end-mar and 0.63% at end-jun, in line with the decline in global interest rates and slack liquidity conditions in the domestic money market.
dovish
not forward looking
certain
2,003
366
mas assesses that a neutral policy stance will be needed for an extended period to ensure medium-term price stability.
neutral
forward looking
certain
2,016
176
there will be no change to the slope and width of the band.
neutral
forward looking
certain
2,022
920
while downside risks to the remain, on balance, the upturn in the global economy and it markets is likely to be sustained.
neutral
forward looking
uncertain
2,004
258
domestic-oriented activities are expected to stay resilient, supported by construction of transportation, housing and social infrastructure.
neutral
forward looking
uncertain
2,014
49
most goods and services recorded lower inflation which more than offset the rise in water prices.
dovish
not forward looking
certain
2,024
433
on the domestic front, a degree of labour market slack could emerge as firms pull back on their hiring plans, even as the scale of retrenchments is mitigated by the jobs support scheme.
neutral
forward looking
uncertain
2,020
930
the advance gdp estimates for q1 2004, released by the ministry of trade and industry , show that the economy expanded by a robust 11% on a quarter-on-quarter seasonally adjusted annualised basis, or 7.3% compared to the same period last year.
neutral
not forward looking
certain
2,004
946
this reflected the strong investor interest in asian markets, on the back of optimistic economic prospects in the region.
hawkish
not forward looking
certain
2,006
344
nevertheless, overall growth will be capped by supply-side constraints, particularly in the labour market.
neutral
forward looking
certain
2,014
936
together, these factors imply a slightly higher cpi inflation rate this year compared to 2000, although still within the 1.0-2.0% range.
neutral
forward looking
uncertain
2,001
824
mas has assessed that, on balance, a further tightening of is needed to help ensure that price pressures are dampened over the next few quarters.
hawkish
forward looking
certain
2,022
741
the singapore economy saw a step-up in the level of economic activity in q1 this year following a slowdown in h2 2010.
neutral
not forward looking
certain
2,011
999
on the whole, singapore’s gdp growth is projected to come in at around the mid-point of the 0–1% forecast range in 2019 and improve modestly in 2020.
neutral
forward looking
uncertain
2,019
855
in 2023, the economy is forecast to grow at a pace that is below trend, which could cause the current mildly positive output gap to reverse.
neutral
forward looking
uncertain
2,022
751
in contrast, manufacturing output and financial services weakened in q3 amid a softening in external demand.
dovish
not forward looking
certain
2,022
124
while the growth momentum is expected to moderate, the economy should grow at close to its potential in 2007.
neutral
forward looking
uncertain
2,006
242
the singapore economy should experience a modest pace of expansion in 2013.
neutral
forward looking
uncertain
2,013
161
over the last six months, the global economy has picked up and should continue to support singapore’s trade-related sectors.
hawkish
forward looking
uncertain
2,017
42
within manufacturing, the semiconductor segment has continued to expand at a strong pace, but the marine and offshore engineering industry remains subdued.
neutral
not forward looking
certain
2,018
621
this relatively firm outcome was largely due to continued pass-through of higher wages and other business costs to the prices of consumer services.
hawkish
not forward looking
certain
2,014
524
however, the pace of expansion is expected to moderate in the quarters ahead.
dovish
forward looking
uncertain
2,020
212
the s$neer started the year in the upper half of the policy band.
neutral
not forward looking
certain
2,003
718
food inflation moderated while prices of most retail goods continued to fall.
neutral
not forward looking
certain
2,021
262
for 2015, it is projected at 0.5–1.5%, reflecting also the impact of muted housing rentals.
neutral
forward looking
uncertain
2,014
91
the singapore economy is forecast to contract by 5–7% this year, and record above-trend growth for 2021 due to the effects of the low base in 2020.
neutral
forward looking
certain
2,020
813
since october 2021, mas has been progressively tightening as the economic recovery consolidated and inflationary pressures picked up.
hawkish
not forward looking
certain
2,022
401
s$ nominal effective exchange rate (s$neer) global economic activity has moderated reflecting weaker growth in the eurozone and china, even as the us economy has thus far been resilient.
dovish
not forward looking
certain
2,023
761
against this backdrop, the singapore economy grew more slowly, by 1.6% in q4 2014 on a quarter-on-quarter, seasonally-adjusted annualised basis, or about half the pace of expansion in q3.
dovish
not forward looking
certain
2,015
579
it rose further to 2.13% as at end-march 2005.
neutral
not forward looking
certain
2,005
991
external inflationary pressures are likely to stay muted for the rest of 2003.
dovish
forward looking
uncertain
2,003
13
retail interest rates have remained broadly unchanged, although there have been some modest increases in mortgage rates.
neutral
not forward looking
certain
2,005
583
it experienced some volatility, mainly reflecting market reactions to the prospective tapering of asset purchases by the us federal reserve.
neutral
not forward looking
certain
2,013
458
in the manufacturing sector, output in the electronics and precision engineering industries expanded in july–august compared to q2, while other industry clusters contracted.
neutral
not forward looking
certain
2,021
966
however, they have picked up in the latest readings and may continue to rise in the next few quarters, as accumulated business costs pass through to consumer prices alongside the cyclical uplift in economic activity.
hawkish
forward looking
uncertain
2,013
673
going forward, external price developments are expected to stay generally benign, given ample supply buffers in the major commodity markets.
dovish
forward looking
uncertain
2,014
73
with the slowdown in demand, growth in the singapore economy could fall below its potential rate of 3-5%.
dovish
forward looking
uncertain
2,011
508
in october 2012, mas maintained the modest and gradual appreciation path of the s$neer policy band, with no change to its slope, width, and the level at which it was centred.
neutral
not forward looking
certain
2,013
592
at the same time, growth in singapore’s major trading partners will slow to below trend but stay positive in 2023.
neutral
forward looking
certain
2,022
938
even as growth in the trade-related cluster decelerates, pockets within the financial, business and ict services sectors will continue to benefit from steady domestic demand in the region and increased investments in digitalisation.
neutral
forward looking
certain
2,019
581
s$ nominal effective exchange rate (s$neer) over the last six months, the s$neer fluctuated within the upper half of the policy band.
neutral
not forward looking
certain
2,014
528
mas core inflation will rise gradually and turn positive in 2021, but remain well below its long-term average.
neutral
forward looking
certain
2,020
202
the policy band was re-centred downwards in april last year, and kept at that level during the last policy announcement in october.
dovish
not forward looking
certain
2,010
232
in our assessment, the recovery in the industrial countries, while likely to continue for the rest of the year, may proceed at a somewhat slower pace than in previous upturns.
dovish
forward looking
uncertain
2,002
777
we do not expect the oil price shock to lead to further increases in consumer prices beyond their one-off impact.
dovish
forward looking
uncertain
2,001
138
headline and core cpi inflation the ongoing slowdown in domestic economic activity will reduce tightness in the labour market and alleviate price pressures.
dovish
forward looking
uncertain
2,011
477
growth in q2 was weighed down by the external-facing sectors such as wholesale trade and manufacturing, while the sectors that bore the brunt of the pandemic generally benefited from the substantial easing of border and domestic mobility restrictions.
neutral
not forward looking
certain
2,022
54
domestic inflationary pressures have been rising over the past year, reflecting a tightening of the labour market and the recovery in domestic demand.
hawkish
not forward looking
certain
2,001
24
excluding the effects of the gst increase, core inflation is projected to average 2.5–3.5%, and headline inflation 4.5–5.5%.
neutral
forward looking
certain
2,023
427
it initially strengthened over the first two months of the year, as the improved economic led to portfolio inflows into the local and regional equity markets.
neutral
not forward looking
certain
2,002
774
the domestic three-month interbank rate rose to 0.50% in november, before falling to 0.38% in december, where it has remained since.
neutral
not forward looking
certain
2,012
925
mas assessed this stance to be appropriately accommodative of the recovery in the domestic economy, in a low inflation environment.
dovish
not forward looking
certain
2,004
107
looking ahead, economic activity in the major industrial economies is likely to expand at a slower pace, following a fairly brisk recovery from the recession.
dovish
forward looking
uncertain
2,010
297
mas core inflation is expected to rise in the current quarter due in part to the one-off impact of the 1%-point hike in the gst from january this year, as well as the increase in the carbon tax.
hawkish
forward looking
certain
2,024
143
for 2024, growth is projected to come in closer to its potential rate, with the output gap remaining slightly negative.
neutral
forward looking
uncertain
2,023
153
the relative stability of the s$neer has reflected the strengthening of the s$ against the us$, offset by its weakening against a number of regional currencies.
neutral
not forward looking
certain
2,020
759
core inflation is projected to step down further to between 2.5–3.0% y-o-y by december.
dovish
forward looking
uncertain
2,023
640
however, the fall in oil prices, if sustained, would take some pressure off headline cpi inflation.
dovish
forward looking
uncertain
2,006
818
cpi inflation is estimated to average around 0.5% for 2002 as a whole, largely reflecting the slack in domestic factor and product markets.
neutral
forward looking
certain
2,003
20
the policy stance will help dampen inflation in the near term and ensure medium-term price stability, providing the basis for sustainable economic growth.
hawkish
forward looking
certain
2,022
548
mas core inflation is expected to step down more discernibly in q4 this year and into 2025.
dovish
forward looking
uncertain
2,024
284
against this backdrop, mas will be maintaining its policy of a modest and gradual appreciation of the s$neer.
hawkish
forward looking
certain
2,004
638
while there remains considerable uncertainty over the evolving fiscal situation in the us and eurozone, recent central bank policy initiatives worldwide have reduced the risk of a severe global recession.
neutral
forward looking
uncertain
2,012
394
amid moderate imported inflation and easing domestic cost pressures, the seasonally adjusted q-o-q rate of core inflation has declined to an annualised rate of 2.1% in q2.
dovish
not forward looking
certain
2,024
425
concomitantly, external and domestic inflationary pressures are likely to ease.
dovish
forward looking
uncertain
2,008
347
for the whole of 2001, cpi inflation is expected to average around 1%.
neutral
forward looking
uncertain
2,002
57
the manufacturing and transport-hub services sectors grew more strongly in q3, after a pull-back in the preceding quarter, while growth of the domestic-oriented, tourism, and financial services sectors continued to hold firm.
neutral
not forward looking
certain
2,006
182
global gdp growth is likely to have eased in q2 2022 reflecting tighter financial conditions, persistently high inflation and geopolitical uncertainty.
hawkish
forward looking
uncertain
2,022
974
us economic growth has lost some momentum, led by the correction in its housing sector, and the problems in the subprime mortgage market may yet lead to some retraction in consumer spending.
irrelevant
not forward looking
certain
2,007
757
in the domestic economy, softening economic sentiment and emerging slack in the labour market will weigh on the retail trade and real estate segments.
neutral
forward looking
uncertain
2,016
183
the forecasts for many regional economies have also been revised downwards following weak first quarter exports and gdp growth rates.
neutral
not forward looking
certain
2,001
319
although manufacturing will remain an important driver of gdp growth, its contribution will moderate.
neutral
forward looking
uncertain
2,018
835