The Monetary Authority of Singapore tightened monetary policy on April 14, 2026, steepening the Singapore dollar exchange rate policy band for the first time in four years. The move was driven by surging oil prices from Middle East geopolitical tensions, sending imported inflation through the trade-dependent city-state. The MAS revised its core inflation forecast upward to a range of 1.5% to 2.5%, from the previous 1.0% to 2.0% band. Q2 2026 GDP growth came in at 5.7% year-on-year, surpassing expectations and providing additional justification for the tightening. Analysts expect the MAS to hold steady at its next scheduled policy statement on July 27, 2026.
Source: Read the original article
