

Monetary Authority of Singapore (MAS) maintains monetary policy

The Monetary Authority of Singapore (MAS) is projected to keep its monetary policy unchanged through 2025, driven by consistently high core inflation. Despite a downward trend in headline inflation, core inflation has remained around 3% since mid-2023. This elevated level of core inflation suggests that MAS will not alter its policy parameters this year and will maintain a neutral stance on the Singapore dollar (SGD). The economy of Singapore continued to expand in the first quarter of 2024, largely thanks to robust performance in the services sector. Read more to find out what allows MAS to keep monetary policy of the SGD steady.

why is sgd steady

Disclaimer:

While such a stable environment presents scalping opportunities for currency pairs involving the Singapore dollar, MAS may consider adjusting its policy earlier than 2025 if core inflation begins to decline significantly. Caution is advised in navigating the currencies market.

Publication date:

2024-06-25 15:04:21 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.