The Business Times
business-time-50
SUBSCRIBERS

Economists mixed on whether MAS will ease monetary policy again in 2025, after January move

The central bank loosens policy settings on Friday after having held them steady since Oct 2022

Summarise
google-preferred-sourceAdd BT as a preferred source
Sharon See

Sharon See

Published Fri, Jan 24, 2025 · 07:19 PM
    • The Monetary Authority of Singapore expects the country's growth momentum to slow over this year, after “outperforming” in the second half of last year.
    • The Monetary Authority of Singapore expects the country's growth momentum to slow over this year, after “outperforming” in the second half of last year. PHOTO: BT FILE

    ECONOMISTS are not ruling out a further easing of monetary policy in Singapore this year, following January’s first loosening move since 2020 – though a common base scenario is for the central bank to stand pat for the rest of 2025.

    Several economists cited the global trade impact from US President Donald Trump’s threatened tariffs as a potential reason for further easing.

    Having held policy steady since its last tightening move in October 2022, the Monetary Authority of Singapore (MAS) on Friday (Jan 24) said that it will “slightly” reduce the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band.

    InflationSingapore economySingapore inflation

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    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