Mumbai, Jan. 29 -- Singapore central bank maintained its monetary policy setting and raised its inflation outlook on Thursday.
The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of the S$NEER policy band and there will be no change to its width and the level at which it is centered.
The central bank had eased its policy twice last year. Instead of using interest rates, the MAS applies the exchange rate against a basket of currencies within an undisclosed band as its monetary policy tool.
For 2025 as a whole, MAS core inflation was 0.7 percent, which was considerably lower than 2.8 percent in 2024.
The forecasts for MAS core inflation and overall inflation for 2026 were raised to 1.0-2.0 percent...