Singapore Central Bank Keeps Policy Unchanged as Growth Remains Strong
The Monetary Authority of Singapore (MAS) left its monetary policy unchanged on Tuesday, balancing the country’s solid economic performance against risks from rising tariffs and persistent inflation pressures.
The decision, which matched market expectations, came as Singapore reported stronger-than-expected third-quarter GDP growth. The economy expanded 2.9% year-on-year in the July–September period, outperforming economists’ forecasts of 1.9% growth, according to a Wall Street Journal survey. However, it marked a slowdown from the 4.5% growth recorded in the previous quarter.
On a quarter-on-quarter, seasonally adjusted basis, Singapore’s GDP grew 1.3%, slightly lower than the 1.5% increase in the prior quarter.
Despite the upbeat data, officials warned that economic growth could moderate in the coming months due to continued global trade tensions and external uncertainties affecting export demand.
