MAS Expected to Maintain Policy Despite Slightly More Hawkish Tone -- Market Talk

Dow Jones
01/29

0209 GMT - Singapore's central bank is likely to keep policy unchanged for the rest of 2026 despite the slightly more hawkish tone in its latest statement, Capital Economics' Shivaan Tandon says in commentary. "Even as the MAS revised up its inflation forecast, it still has inflation at or below target over the rest of 2026," the Asia economist notes. Also, surveys suggest that the recent strength in Singapore's labor market is unlikely to be sustained, and domestic demand growth could soften, Tandon says. Overall, if Singapore's economy cools slightly while inflation is contained, the most likely outcome is that the MAS leaves policy on hold throughout 2026, Tandon adds. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

January 28, 2026 21:09 ET (02:09 GMT)

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