Core Viewpoint - The Monetary Authority of Singapore (MAS) is likely to maintain its policy unchanged this month after two rounds of easing in January and April, despite pressures on growth from global trade disruptions [1] Economic Outlook - The second quarter GDP exceeded expectations, and the core inflation rate remains low, providing sufficient pause space for Singapore [1] - The MAS may prioritize retaining policy space before the Trump administration finalizes national and industry tariffs [1] Future Projections - If external adverse factors worsen and inflation remains low, CIMB expects MAS to flatten the nominal effective exchange rate policy band for the Singapore dollar to 0% in October [1]

Core Viewpoint - The possibility of a significant interest rate cut of 50 basis points by the Bank of England is being considered due to changing economic conditions since the last meeting in March [1] Economic Context - Global trade disruptions and signs of economic slowdown, particularly the decline in US GDP quarterly data, have shifted focus towards larger rate cuts [1] - The current UK CPI inflation has reached target levels, which supports the argument for a potential rate cut [1] MPC Committee Insights - Analysts expect MPC members Dhingra and Mann to support a 50 basis point cut, indicating a possibility for a larger unexpected cut [1] - However, the majority is predicted to favor a smaller cut of 25 basis points, lowering the benchmark rate to 4.25% [1]

Core Viewpoint - Morgan Stanley predicts that due to global trade disruptions and reduced demand for electric vehicles, the supply surplus of nickel will increase to approximately 260,000 tons by 2025 [1] Industry Summary - Global trade disruptions are impacting demand forecasts for nickel [1] - The demand for electric vehicles is decreasing, contributing to the overall decline in nickel demand [1] - The anticipated supply surplus of nickel highlights potential challenges for the industry moving forward [1]