Singapur Zinssatz

The Monetary Authority of Singapore (MAS) kept its monetary policy setting unchanged in October 2024, extending the pause for the sixth time amid moderate core inflation. The central bank said it will maintain the prevailing rate of appreciation of the SGD nominal effective exchange rate policy band (S$NEER), with no changes to its width or the level at which it is centered. MAS noted Singapore’s core inflation retreated to 2.6% year-on-year in July-August from 3.0% in Q2, as consumer price increases fell across a broad range of goods and services. Core inflation is expected to end the year around 2% and average between 2.5 to 3.0% for 2024, down from 4.2% in 2023. Meanwhile, headline inflation may fall to around 2.5% from 4.8% in 2023. The board viewed the inflation outlook risks are more balanced than three months ago. Regarding the GDP, the economy is expected to continue expanding steadily and remain close to its potential path in 2025, barring a weakening in global demand.