Financial Authority of Singapore will barely scale back the slope of the S$NEER coverage band

Financial Authority of Singapore is Singapore’s central financial institution

extra to return

• MAS says no change to the width of the coverage band or the extent at which it’s centred.
• MAS says it is going to scale back barely the slope of the S$NEER coverage band.
• MAS says the measured adjustment is according to a modest and gradual appreciation path of the S$NEER coverage band that may guarantee medium-term worth stability.
• Singapore’s MAS says Singapore’s GDP progress is projected to average over 2025.
• Singapore’s MAS says the Singapore financial system is forecast to broaden at a slower tempo of 1.zero–three.zero% this yr.
• Singapore’s MAS says MAS core inflation is now forecast to common 1.zero–2.zero% in 2025, decrease than the earlier forecast of 1.5–2.5%.
• Singapore’s MAS says CPI-all gadgets inflation is forecast to common 1.5–2.5% in 2025.
• Singapore’s MAS says MAS core inflation has moderated extra rapidly than anticipated and can stay beneath 2% this yr.
• Singapore’s MAS says Singapore’s progress momentum is anticipated to sluggish over this yr.
• Singapore’s MAS says Singapore’s progress momentum is anticipated to outperform in H2 2024.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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