MAS monetary policy unlikely to change at Oct review amid inflation risks

SINGAPORE - Even as

Singapore’s core inflation continues to ease

, coming in at 3.4 per cent year on year in August for its lowest increase since April 2022, analysts still expect the Monetary Authority of Singapore (MAS) to keep monetary policy unchanged at its semi-annual policy review this week.

DBS Bank economist Chua Han Teng noted that Singapore’s three-month and three-month seasonally adjusted momentum of headline and core price increases have been trending lower since the second quarter of 2023.