Economy & Policy
Economists expect no change to monetary policy in January, as December core inflation remains stable at 1.2%
Full-year core inflation for 2025 stands at 0.7%, down from 2.8% in 2024
Singapore’s 2025 core inflation averages 0.7%, down from 2.8% in 2024
December’s core and headline inflation stayed unchanged at 1.2%
What to expect for Budget 2026
[SINGAPORE] The year 2025 may be remembered as solidifying Singapore’s transition to its fourth-generation (4G) leadership.
Singaporeans expect inflation to increase slightly in 2026 amid trade uncertainties: survey
Geopolitical uncertainties and higher interest rates are cited as concerns
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Singapore SMEs stay expansionary in Q4 2025, though growth likely to ease in near term: OCBC
Higher operating costs, stronger market competition in the region and ongoing economic uncertainty were cited as headwinds in 2026
Trump’s AI chip tariffs have ‘minimal impact’ on Singapore: MTI
The 25% duties apply to advanced artificial intelligence chips not manufactured locally
What’s next for home loan rates? Where interest rates are headed with Fed independence in question
Recent events surrounding the US central bank have clouded the outlook for further cuts in 2026
Higher occupancy cap for HDB, private home rentals extended until end-2028 to meet strong demand
The need for further extensions beyond 2028 will be reviewed by the relevant authorities
Singapore’s key exports growth eases to 6.1% in December as pharma drags
UOB raises its 2026 NODX expansion projection to 3%, from 1.2% previously; OCBC forecasts a moderation of around 1 to 3%
Retailers warn of being outpaced by foreign rivals as they lay out Budget 2026 proposals
These aim to strengthen local retailers’ competitiveness and ease manpower pressures in a tougher operating environment
