Singapore: no further monetary policy changes in 2022

The Monetary Authority of Singapore (MAS) tightened policy today, as it looked past the lacklustre rebound in GDP last quarter and looked to curb further rises in inflation. Core inflation is unlikely to rise substantially next year, even as the recovery regains some momentum. As such, we think the MAS will leave policy on hold in 2022.
Alex Holmes Emerging Asia Economist
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