Singapore’s central bank is set to leave its monetary policy unchanged for a second straight meeting as core inflation wanes and economic growth remains fragile.
The Monetary Authority of Singapore, which uses the exchange rate rather than interest rates to stabilise prices, will likely favour no action at its twice-a-year policy review Friday, according to all 18 economists polled by Bloomberg. This will extend the pause in tightening seen in April, after the central bank allowed the Singapore dollar to appreciate in five moves between October of 2021 and 2022 to blunt the impact of imported inflation.
