The Monetary Authority of Singapore (MAS) kept its monetary policy unchanged on Tuesday, maintaining the rate of appreciation of its Singapore dollar nominal effective exchange rate (S$NEER) band, with no change to its width or centre. The central bank noted it had eased policy twice this year and said it “is in an appropriate position to respond effectively to any risk to medium-term price stability,” while closely monitoring global uncertainties. MAS added that flash data showed Singapore’s economy grew 1.3% qoq in Q3 2025, slightly below 1.5% in Q2 but above expectations, lifted by manufacturing and domestic demand. Meanwhile, year-on-year growth eased to 2.9% from 4.5%. MAS expects growth to ease as trade-related sectors normalise, though AI-related investment, infrastructure spending, and financial conditions should underpin activity. GDP growth is projected to return to near-trend levels in 2026, with core inflation seen averaging 0.5% in 2025 and rising to 0.5–1.5% next year.
作者:Farida Husna,文章来源tradingeconomics,版权归原作者所有,如有侵权请联系本人删除。
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