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Monetary Policy Statement
Singapore economy
MAS maintains prevailing rate of appreciation of S$NEER policy band in July MPS
MAS says it expects headline inflation to average 2.0% to 3.0% in 2024.
July 26, 2024
Singapore economy
Singapore’s GDP grew by 2.7% in 1Q2024 based on advance estimates; MAS to maintain current rate of appreciation
On a q-o-q seasonally adjusted basis, the economy expanded by 0.1%.
April 12, 2024
Singapore economy
MAS maintains S$NEER policy band in January monetary policy statement
MAS had tightened its monetary policy five consecutive times since October 2021 before leaving its parameters unchanged in April.
January 29, 2024
Singapore economy
MAS keeps prevailing rate of appreciation of the S$NEER policy band at October meeting
MAS also announced that it will be shifting to a quarterly monetary policy statement schedule in 2024.
October 13, 2023
Singapore economy
MAS likely to keep policy parameters unchanged in upcoming October meeting: analysts
The MAS is slated to hold its monetary policy meeting on Oct 13.
October 05, 2023
Singapore economy
'Premature' to assume MAS will take risk-based approach to monetary policy: HSBC
HSBC believes inflation is no longer "as urgent" a problem for the MAS as it was last year.
June 15, 2023
Singapore economy
Singapore’s near-term outlook remains uncertain with downside risks: MAS
Singapore's economy has “slowed discernibly” since 4Q2022, weighed down by contractions in the trade-related sectors.
April 27, 2023
Singapore economy
The pivot in MAS’s policy came as no surprise to most analysts
Some of the analysts have kept their 2023 GDP estimates while others have lowered their full-year expectations.
April 19, 2023
Singapore economy
RHB expects MAS to increase slope of the S$NEER path to 2.0% at upcoming April meeting
DBS, on the other hand, sees MAS’s current policy as tight enough and that it is likely to pause tightening.
April 13, 2023
Singapore economy
MAS expected to keep neutral stance on Singdollar amid sluggish economy
MAS stands pat on Singdollar citing likely recovery in Singapore’s economy in 2021
October 16, 2020