The Monetary Authority of Singapore (MAS) kept its monetary policy settings unchanged on Wednesday (Oct 14), maintaining the rate of appreciation of the S$NEER policy band, with no change to its width or the level at which it is centred.
Surprise Pause
The decision followed tightening moves in April and July and caught markets off guard, as all 10 analysts polled by Reuters had expected another tightening. MAS said the current appreciating band will let the S$NEER keep strengthening and lean against an anticipated near-term rise in imported inflation, ensuring inflationary pressures ease gradually in 2027.
