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MAS holds policy steady in October, expected to continue doing so in 2026

Better-than-forecast growth means ‘no urgency’ to change monetary policy settings, say economists

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Low Youjin

Low Youjin

Published Tue, Oct 14, 2025 · 03:58 PM
    • At its last meeting in July, the Monetary Authority of Singapore also kept policy settings unchanged.
    • At its last meeting in July, the Monetary Authority of Singapore also kept policy settings unchanged. PHOTO: BT FILE

    [SINGAPORE] Stronger-than-expected growth may give the Monetary Authority of Singapore (MAS) more policy space going into 2026, said private-sector economists, after the central bank held settings steady for the second consecutive quarter.

    An easing of monetary policy in 2026 remains possible but is not widely expected, with most economists expecting no change.

    DBS analysts Chua Han Teng and Philip Wee, for instance, “see no urgency” for MAS to adjust its policy stance.

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    Monetary PolicySingapore economySingapore inflationNominal effective exchange rate (NEER)

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