Nominal effective exchange rate (NEER)

MAS ups full-year core and headline inflation forecasts to 1-2%, from 0.5-1.5%

Better-than-forecast growth means ‘no urgency’ to change monetary policy settings, say economists

Some expect the Monetary Authority of Singapore to maintain the status quo, others believe that it will resume slope reduction

Full-year core and headline inflation forecasts remain unchanged at 0.5 to 1.5%

This follows January’s loosening, which was the first since 2020

For 2025, MAS expects both core and headline inflation at 1.5 to 2.5 per cent

It will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band

Full-year headline inflation is now projected at 2.5% to 3.5%, down from 3% to 4% previously

SINGAPORE’S central bank left monetary policy settings unchanged in October, extending the pause from its April meeting in line with market expectations. But it announced that it will shift to a quart...