MAS keeps Singapore dollar policy unchanged

MAS had eased the monetary policy twice earlier this year.

The Monetary Authority of Singapore (MAS) said in an announcement on 30 July that it will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. 

There will be no change to its width and the level at which it is centred. 

In a statement, MAS said that it had eased monetary policy twice earlier this year, and is in an appropriate position to respond to risks to medium-term price stability.

MAS also maintained that for 2025, its core inflation and CPI-All Items inflation are forecast to average 0.5–1.5%.

Core inflation was stable at 0.6% YoY in Q2 2025, unchanged from the previous quarter.