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.
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