Singapore's MAS maintains monetary policy; expects 2% inflation by 2025 and potential easing in 2023.
Singapore's central bank, MAS, has kept its monetary policy unchanged for the fifth consecutive time. Inflation is expected to cool to around 2% by 2025, leaving room for potential easing in 2023. MAS maintained the slope, width, and center of the currency band to support a local dollar appreciation to counter imported inflation. The central bank expects headline inflation to be between 2%-3% this year.
July 26, 2024
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