MAS keeps monetary policy on hold after tightening twice this year
The Monetary Authority of Singapore (MAS) has decided to keep its monetary policy unchanged while lowering its core inflation forecast. The central bank expects the economy to maintain firm growth before moderating as the AI-driven boom cools.
Why it matters
Singapore's monetary policy decisions are key indicators for regional economic health and global trade sentiment.
The Monetary Authority of Singapore also narrowed the core inflation forecast to 1.5 to 2 per cent, from a previous prediction of 1.5 to 2.5 per cent.
The logo of the Monetary Authority of Singapore (MAS) at its building. (Photo: CNA/Ili Mansor)
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