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2025-07-29 08:16:41
[Survey: MAS expected to remain on hold this week] The Monetary Authority of Singapore may keep monetary policy unchanged for the first time this year this week, taking a wait-and-see approach as policymakers weigh upcoming U.S. tariffs, which could weigh on economic growth. Fourteen of the 19 economists surveyed by the agency predicted that the MAS will maintain its existing policy settings on Wednesday. Five firms, including Goldman Sachs and Bank of America, expect the easing cycle to continue. Forecasters who expect to maintain the status quo point to Singapore's economic stability as one of the reasons. Preliminary growth estimates for this month show that the country has dodged a technical recession, with manufacturing, service exports and construction leading to higher-than-expected growth. Chua Hak Bin, an economist at Maybank Securities, believes that the MAS is expected to keep its existing policy settings unchanged for the rest of the year, given the resilience of the economic outlook and mild but stable core inflation.
