German bank: MAS may lay the foundation for loose monetary policy in Singapore

Jinshi data news on July 26th, analysts from Deutsche Bank stated that the Monetary Authority of Singapore (MAS) may be preparing for a loose policy, which may take effect in October, but more likely in the first half of 2025. Analysts mentioned seeing signs in today’s announcement that MAS has revised its overall inflation forecast for 2024 from the previous 2.5%-3.5% to 2%-3%. They also pointed out that MAS remains optimistic about the economy, expecting a stronger rise in the second half of the year, with this year’s rise rate approaching the potential level of 2%-3%. In addition, the more moderate Federal Reserve will pave the way for MAS to ease its hawkish stance.