With Trump tariffs, economists now expect MAS easing in April meeting, with further moves ahead

[SINGAPORE] With US tariffs raising recession fears, economists now expect the Monetary Authority of Singapore (MAS) to support growth by easing policy on Apr 14, and possibly in July – a view previously held by a minority.

In January, MAS slightly reduced the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band for the first time since 2020.

In a February survey of professional forecasters by MAS, only 15.8 per cent of respondents expected another slope reduction in April, and 29.4 per cent expected one in July.