Singapore's central bank eases monetary policy as inflation drops and growth forecasts slow.

Singapore's central bank, the Monetary Authority of Singapore (MAS), has eased its monetary policy for the first time since 2020, reducing the slope of its exchange rate policy band due to a faster-than-expected decline in inflation and a forecasted slowdown in growth. Inflation is projected to average 1.5%-2.5% in 2025, down from 2.4% in 2024, while GDP growth is expected to slow to 1%-3%. For December 2024, core inflation eased to 1.8% year-on-year, down from 1.9% in November.

2 months ago
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