Singapore Central Bank Maintains Monetary Policy Amid Stable Inflation Outlook

Published 2026-10-14

The Monetary Authority of Singapore (MAS) announced on Friday that it will keep its current monetary policy settings unchanged. This decision surprised many financial analysts who were expecting potential adjustments. By maintaining the existing rate of appreciation, as well as the width and center of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, the central bank aims to ensure medium-term price stability.

This policy approach is designed to support the country's economic growth while managing the ongoing impact of global price pressures. The MAS stated that the current stance remains appropriate to keep inflation under control. The central bank continues to monitor global economic conditions closely to ensure that the Singapore dollar remains stable against the currencies of its major trading partners.

In addition to the policy decision, the MAS provided an updated outlook on inflation. The central bank has narrowed its forecast for core inflation to between 1.5% and 2% for the year. This adjustment reflects a more confident view that price increases for essential goods and services are stabilizing within the expected range.

Looking ahead, the MAS will continue to watch both domestic and international economic data to guide its future decisions. For Singaporean households and businesses, this stability in monetary policy means that the current exchange rate environment is expected to remain consistent for the time being, helping to provide a predictable economic climate.

Sources: Reuters

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