SINGAPORE, Oct 14 — The Monetary Authority of Singapore (MAS) has maintained its monetary policy stance, keeping the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged following two consecutive hikes.

In a statement today, MAS said Singapore’s economy should continue to expand at a firm pace in the immediate quarters ahead, moderating thereafter as the artificial intelligence (AI) cycle eases from its exceptional pace and global financial conditions tighten.

The central bank noted that core inflation is projected to ease discernibly from the middle of next year, as supply-driven imported inflation slows and domestic costs stay subdued.

Core inflation is forecast to average between 1.5 and 2.0 per cent in 2026, while CPI-all items inflation is expected to be around 2.0 per cent.