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

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

    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.

    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.

    InflationSingapore economySingapore inflation

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    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 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    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