Monetary Authority Singapore slightly raises the rate of appreciation of the SGD NEER policy band, while it makes no change to the width and level it is centred

Says: Inflation could pick up more strongly than anticipated if energy price spikes anew. MAS core inflation is projected to step up from July and remain elevated, but should moderate discernibly from around mid-2027. Expectation is that overall GDP will be sustained at high levels in the near term. Singapore's economy is forecast to record a firm pace of growth for 2026 as a whole. Singapore's imported costs are likely to rise in the quarters ahead.