Khoon Goh, Senior FX Strategist at ANZ Research, expects MAS to maintain their current policy settings at the April review. Key Quotes • “Despite downside risks to growth and inflation, we do not see conditions as sufficient to warrant a shift to a neutral policy at this time. • However, further easing later in the year cannot be ruled out. The market is under-pricing this risk, in our view. • With the S$NEER trading above the midpoint, we see scope for the SGD to weaken. The MPS is unlikely to have a hawkish tone, and our economists expect the advanced Q1 GDP estimate to show a contraction on a sequential annualised basis, which should weigh on the currency.” For more information, read our latest forex news.