“The Singapore economy is expected to strengthen over the rest of 2024, with the slightly negative output gap closing by year-end. Barring renewed shocks to costs, core inflation should step down more discernibly in 4Q, and fall further to around 2% in 2025,” says MAS in its July 26 statement.
The Monetary Authority of Singapore (MAS) will keep 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, says the central bank in its July monetary policy statement (MPS).
