OUTLOOK 2025
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No rush for MAS to ease monetary policy early in 2025, as uncertainty over Trump lingers
Though inflation has come down, most economists expect policy easing in April rather than January
Published Mon, Dec 16, 2024 · 05:00 AM
AFTER more than two years of holding steady, Singapore’s central bank is expected to start easing monetary policy in 2025. The question is when exactly.
Core inflation is officially expected to cool to under 2 per cent – the level that the Monetary Authority of Singapore (MAS) sees as consistent with price stability – by end-2024. In October, it fell to 2.1 per cent, the lowest since 2021.
But most economists expect policy to ease from April at the earliest, as the MAS waits to see what incoming US President Donald Trump does.
Outlook 2025Monetary PolicyMonetary Authority of SingaporeSingapore inflationSingapore economyDonald TrumpTariffs
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