0819 GMT - It is likely too early for the Monetary Authority of Singapore to tighten its monetary policy, HSBC economist Yun Liu writes in a research report. Singapore's GDP growth is a foundation for the MAS's constructive view on its economy. The job market, which has remained resilient, also matters to the central bank. However, MAS's policy priority has likely shifted from growth to inflation. "Where inflation is heading to and how fast is the pace warrant a close watch," the economist says. HSBC expects the MAS to remain on hold later this month, however it "will be interesting to see" if there's any changes in the qualitative language to suggest a more hawkish stance. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 20, 2026 03:19 ET (08:19 GMT)

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