Singapore Central Bank Expected to Stand Pat Next Year
Dow Jones2025-11-19
The Monetary Authority of Singapore is expected to stand pat next year, as it safeguards flexibility in an uncertain global environment, says DBS senior economist Chua Han Teng in a report.
The city-state's highly globalized economy is exposed to profound global shifts towards more geoeconomic fragmentation, rapid technological advancements and climate change.
These trends are expected to persist into next year, Chua notes. MAS's current policy is consistent with a narrow 0% output gap--a metric that shows whether the economy is operating near its full capacity--and gradually higher inflation.
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