There was a wobble for the Singapore dollar, but it soon calmed to be be not much changed.
The Monetary Authority of Singapore (MAS) kept monetary policy unchanged, as widely expected
- maintaining the current rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) band
- the width and midpoint of the band were also left steady
The central bank said economic growth has been stronger than expected, with the output gap to stay positive through 2025 before returning to balance next year. It expects core inflation to bottom out soon and rise gradually in 2026 as temporary disinflationary factors fade.
The decision came alongside data showing Singapore’s economy expanded 2.9% year-on-year in Q3.
This article was written by Eamonn Sheridan at investinglive.com.