The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Monetary PolicySingapore inflationSingapore economyNominal effective exchange rate (NEER)

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    DPM Gan Kim Yong said the question is not whether shocks will occur in future, but whether Singapore's systems are able to absorb them, and continue to function.

    DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More