Singapore maintains current monetary policy amid easing inflation.

crypthub

about 21 hours ago

Monetary Policy Expectations

Singapore’s central bank is anticipated to maintain its current monetary policy this week, largely due to low inflation and ongoing trade uncertainties. The vast majority of economists surveyed predict no immediate policy changes, mirroring the bank's stance from its last review in July. However, a smaller group speculates about potential easing measures later. MAS reviews its policy four times annually.

Global Central Bank Strategies

Central banks worldwide are employing diverse approaches to support economic growth, often adjusting interest rates in response to uncertainty. Indonesia and New Zealand have been cutting rates while others, like Thailand, Malaysia, and Australia, have held steady. The US Federal Reserve has also recently lowered borrowing costs.

Singapore's Economic Outlook

Despite escalating trade tensions between the US and China, Singapore’s economy shows signs of recovery. Consumer spending and manufacturing activity have increased, and private home prices have seen a significant rise, bolstering the Singapore dollar. Core inflation remains low, prompting forecasts of moderate price increases in imported goods.