Singapore's central bank on Friday loosened its monetary policy, the first such move since 2020, saying it expects inflation and growth to be slower than it initially forecast this year. The Monetary Authority of Singapore (MAS),

SINGAPORE – When the Government forecast in November 2024 that the Singapore economy would expand at a slower pace in 2025 and inflation dropped to a surprisingly low level the very next month, analysts said it was just a matter of time before the central bank adjusted its monetary policy accordingly.

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The Monetary Authority of Singapore said it would slightly reduce the slope of its exchange rate policy band, known as the Singapore dollar nominal effective exchange rate or S$NEER. MAS said Singapore's growth momentum is expected to slow over this year,

Singapore’s 30-year government bond yields sit around 200 basis points below Treasuries of a similar tenor, the largest discount ever.

SINGAPORE’S central bank may take steps to loosen monetary policy on Friday (Jan 24) for the first time in nearly five years, with the city-state’s core inflation in December remaining below the 2 per cent threshold,