MAS eases monetary policy for first time in five years, lowers core inflation forecast
Singapore's exports could become cheaper in the short term, as the central bank loosens monetary policy for the first time in five years amid easing inflation. As the Singdollar appreciates at a slower pace, imported costs are expected to stay moderate. Analysts also said that further easing could be on the cards as global growth slows. For 2025, the Monetary Authority of Singapore has cut its forecast for core inflation —which excludes accommodation and private transport costs — to between 1% and 2%, lower than the 1.5% to 2.5% projected last year. Nasyrah Rohim reports.
Singapore's exports could become cheaper in the short term, as the central bank loosens monetary policy for the first time in five years amid easing inflation. As the Singdollar appreciates at a slower pace, imported costs are expected to stay moderate. Analysts also said that further easing could be on the cards as global growth slows. For 2025, the Monetary Authority of Singapore has cut its forecast for core inflation —which excludes accommodation and private transport costs — to between 1% and 2%, lower than the 1.5% to 2.5% projected last year. Nasyrah Rohim reports.