On July 26th, Global View reported that Shivaan Tandon, an emerging Asia economist from Capital Economics, said that the slightly mild statement made by the Monetary Authority of Singapore (MAS) in its July meeting has given Capital Economics more confidence that the MAS may relax its policy in October. Tandon said that the MAS now seems to have reduced its concerns about inflation, partly because of some adjustments made to its statements in July and April. He also said that the MAS did not provide any significant clues about its next move, but seems to be more confident about inflation prospects. In addition, MAS may reduce the slope of the nominal effective exchange rate range for the Singapore dollar to indicate its preference for slowing the pace of Singapore dollar appreciation over the next few quarters.