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Economists mixed on H1 2025 monetary policy easing, after Singapore holds steady as expected in October

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

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Elysia Tan

Elysia Tan

Published Mon, Oct 14, 2024 · 08:06 AM
    • For 2024 as a whole, MAS expects GDP growth to come in around the upper end of the 2 to 3 per cent forecast range.
    • For 2024 as a whole, MAS expects GDP growth to come in around the upper end of the 2 to 3 per cent forecast range. PHOTO: BT FILE

    ECONOMISTS are now more mixed on when Singapore’s monetary policy will be eased, after the central bank maintained its monetary policy settings for the sixth straight meeting, in line with market expectations.

    The Monetary Authority of Singapore (MAS) also narrowed its 2024 full-year core inflation forecast and gave its 2025 inflation forecasts on Monday (Oct 14).

    MAS said it will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, with no change to its width and the level at which it is centred.

    Monetary PolicySingapore inflationSingapore economyNominal effective exchange rate (NEER)

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