Singapore - MAS seen holding policy steady on July 27 as inflation stays mild, Reuters poll shows
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The Reuters poll points to a majority expectation of an unchanged SGD NEER stance, with core inflation still running below the top of the official 1.5 to 2.5 percent band for 2026. The split view matters for the Singapore dollar: a hold would be seen as consistent with current pr
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Will MAS ease in October?
The desk anticipates that the Monetary Authority of Singapore (MAS) may consider further easing in October, driven by recent trends in inflation and export performance. Per the full note from MUFG EMEA, inflation has shown signs of easing, while export momentum is weakening, raising questions about the MAS's next steps. The desk highlights that the MAS's previous decisions to ease policy twice this year reflect a proactive approach to managing economic conditions. With no high-impact events on the calendar, market participants will closely monitor MAS's upcoming policy meeting for any signals regarding future easing.