Singapore eases monetary policy for the first time since 2020, warns of growth slowdown
- The Monetary Authority of Singapore has loosened its monetary policy for the first time in nearly five years, amid expectations for slower growth and easing inflation in the year ahead.
- The central bank slightly reduced the slope of the Singapore dollar nominal effective exchange rate policy band to ensure medium-term price stability.
- Core inflation is expected to average between 1 and 2 per cent in 2025, down from an initial forecast of 1.5 to 2.5 per cent.
- MAS kept its headline inflation for 2025 unchanged at a forecast range of 1.5 to 2.5 per cent, as accommodation inflation is forecast to slow.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left2Leaning Right4Center3Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 22%
C 34%
R 44%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage