MAS keeps monetary policy on hold after tightening twice this year

The Monetary Authority of Singapore also narrowed the core inflation forecast to 1.5 to 2 per cent, from a previous prediction of 1.5 to 2.5 per cent.

The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore. (File photo: Reuters/Edgar Su)

This audio is generated by an AI tool.

SINGAPORE: The Monetary Authority of Singapore (MAS) kept monetary policy unchanged on Wednesday (Oct 14), contrary to analysts' expectations. It also narrowed the core inflation forecast to 1.5 to 2 per cent, from a previous prediction of 1.5 to 2.5 per cent.

The central bank said the Singapore economy should continue to expand at a firm pace in the immediate quarters ahead before moderating as the artificial intelligence boom eases from its exceptional pace.

Core inflation is projected to ease discernibly from the middle of next year, MAS added.

"MAS will therefore maintain the rate of appreciation of the policy band. There will be no change to the width of the band and the level at which it is centred," the central bank said.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less The current appreciating policy band will allow the Singapore Dollar Nominal Effective Exchange Rate to strengthen and lean against the anticipated near-term rise in imported inflation, ensuring the gradual easing of inflationary pressures in 2027, said MAS. It added that it is well positioned to respond effectively to risks to medium-term price stability and will continue to monitor economic developments closely. All 10 analysts polled by Reuters ahead of Wednesday expected MAS to tighten policy, meaning the Singapore dollar would be allowed to strengthen more, helping to reduce imported inflation. Unlike other central banks, which usually rely on interest rates, Singapore's monetary policy is managed through the exchange rate. The MAS lets the Singapore dollar strengthen or weaken against the currencies of the country's main trading partners within an undisclosed band. The band's slope, mid-point and width can be changed to make adjustments to policy. The central bank increased the rate of appreciation of the policy band in April and July, with the second increase being smaller than the first. The width of the policy band and the level at which it is centred were left unchanged both times.

The current appreciating policy band will allow the Singapore Dollar Nominal Effective Exchange Rate to strengthen and lean against the anticipated near-term rise in imported inflation, ensuring the gradual easing of inflationary pressures in 2027, said MAS.

It added that it is well positioned to respond effectively to risks to medium-term price stability and will continue to monitor economic developments closely.

All 10 analysts polled by Reuters ahead of Wednesday expected MAS to tighten policy, meaning the Singapore dollar would be allowed to strengthen more, helping to reduce imported inflation.

Unlike other central banks, which usually rely on interest rates, Singapore's monetary policy is managed through the exchange rate. The MAS lets the Singapore dollar strengthen or weaken against the currencies of the country's main trading partners within an undisclosed band.

The band's slope, mid-point and width can be changed to make adjustments to policy.

The central bank increased the rate of appreciation of the policy band in April and July, with the second increase being smaller than the first. The width of the policy band and the level at which it is centred were left unchanged both times.

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Get our pick of top stories and thought-provoking articles in your inbox

Stay updated with notifications for breaking news and our best stories

Join our channel for the top reads for the day on your preferred chat app

新加坡金融管理局也将核心通胀预期从之前的 1.5% 至 2.5% 下调至 1.5% 至 2%。

新加坡金融管理局（MAS）的标志位于其位于新加坡的办公大楼上。（资料照片：路透社/Edgar Su）

这段音频由人工智能工具生成。

新加坡：新加坡金融管理局（MAS）周三（10月14日）维持货币政策不变，这与分析师的预期相反。同时，金管局还将核心通胀预期从之前的1.5%至2.5%下调至1.5%至2%。

央行表示，新加坡经济在未来几个季度应继续保持稳健增长，之后随着人工智能热潮从异常迅猛的速度放缓，增速才会有所放缓。

新加坡金融管理局补充说，预计核心通胀率将从明年年中开始明显放缓。

“因此，新加坡金融管理局将维持政策区间的升值幅度不变。区间的宽度及其中心水平也不会发生变化。”该央行表示。

CNA游戏 猜词游戏 逐行破解单词 流行词游戏 用给定的字母组成单词 迷你数独 小谜题，脑力挑战 迷你填字游戏 小方格，大挑战 单词搜索 尽可能多地找出单词 显示更多 显示更少 新加坡金融管理局（MAS）表示，当前升值政策区间将允许新加坡元名义有效汇率走强，并抑制预期中的近期输入性通胀上升，从而确保2027年通胀压力逐步缓解。MAS补充说，它已做好充分准备，有效应对中期价格稳定风险，并将继续密切关注经济发展。路透社周三前调查的10位分析师均预期MAS将收紧政策，这意味着新加坡元将被允许进一步走强，从而有助于降低输入性通胀。与其他通常依赖利率的中央银行不同，新加坡的货币政策是通过汇率来管理的。MAS允许新加坡元兑该国主要贸易伙伴的货币在一个未公开的区间内升值或贬值。政策区间的斜率、中点和宽度均可调整，以适应政策变化。央行在4月和7月提高了政策区间的升值幅度，第二次提高的幅度小于第一次。两次调整中，政策区间的宽度和中点均保持不变。

新加坡金融管理局表示，目前的升值政策区间将使新加坡元名义有效汇率走强，并抵消预期的近期进口通胀上升，从而确保2027年通胀压力逐步缓解。

该公司还表示，其已做好充分准备，有效应对中期价格稳定面临的风险，并将继续密切关注经济发展。

路透社周三前对 10 位分析师进行的调查显示，所有分析师都预计新加坡金融管理局将收紧政策，这意味着新加坡元将被允许进一步走强，从而有助于降低输入性通胀。

与其他通常依赖利率的中央银行不同，新加坡的货币政策是通过汇率来管理的。新加坡金融管理局允许新元兑其主要贸易伙伴的货币在一个未公开的区间内升值或贬值。

可以改变带状曲线的斜率、中点和宽度，以调整政策。

央行在4月和7月两次上调政策区间升值幅度，第二次上调幅度小于第一次。两次上调幅度均保持不变，政策区间的宽度和中心水平也保持不变。

我们的主编每周六都会分享对本周重大新闻的分析和精选。

订阅我们的邮件，即可获取精选热点新闻和引人深思的文章。

订阅通知，第一时间获取突发新闻和精彩报道。

加入我们的频道，即可在您常用的聊天应用上获取当日热门文章。