Singapore Set to Hold Monetary Policy as Inflation Persists
- All 19 economists surveyed see policy settings staying on hold
- Most economists expect the MAS tone to remain unchanged
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Singapore’s central bank will likely keep its tight monetary policy settings for a third straight review while retaining its sharp focus on still-elevated inflation.
All 19 economists surveyed by Bloomberg expect the Monetary Authority of Singapore, which uses the exchange rate rather than interest rates to stabilize prices, to maintain its overall policy settings on Jan. 29. The central bank tightened five times since October 2021 before opting to pause in 2023.