Economic Buzz: Singapore pauses tightening, lowers core inflation forecast
Mumbai, Oct. 14 -- The Monetary Authority of Singapore (MAS) kept its monetary policy unchanged on Wednesday, taking a pause after consecutive tightening moves in April and July, as the inflation outlook improved. The central bank lowered its core inflation forecast to 1.5-2.0% from 1.5-2.5% previously, while expecting economic growth to remain firm in the near term before moderating as the artificial intelligence boom cools from its exceptional pace. MAS said its existing appreciating exchange-rate policy band would allow the Singapore dollar to strengthen, helping contain imported inflation in the near term and ease price pressures in 2027. Unlike most central banks, Singapore uses exchange-rate management rather than interest rates as it...
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