Singapore Central Bank Expected to Tighten Slightly in October

Dow Jones10-05

0941 GMT - DBS expects the Monetary Authority of Singapore to deliver another "very slight increase" to its policy settings next week to counter elevated global energy prices amid resilient growth. DBS economists expect what it calls a "calibrated tightening" in the Singapore dollar policy band's slope, allowing faster currency appreciation, though they don't expect the move to push USD/SGD outside its 1.26-1.30 range. DBS expects the central bank to stick to its forecasts of elevated inflation into 2027 before "easing discernibly" in 2H2027, with MAS's 2027 inflation forecast likely to come in at 1.5%-2.5%. DBS expects 3Q GDP growth to exceed 5% on year, supported by artificial-intelligence-driven trade and financial-sector strength.

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