Singapore central bank surprises with second straight policy tightening
Meanwhile, global trade uncertainty is rising again as President Donald Trump rebuilds his tariff wall.
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Summary
Amid those pressures, Singapore inflation has quickened yet remains relatively tame this year, coming in at 1.6% last month, below the MAS’ medium-term target of around 2%. “Singapore’s imported costs are likely to rise in the quarters ahead,” the MAS said Monday. The city-state was hit with a 12.5% duty on Friday, although key electronic and pharmaceutical shipments to the US are currently exempted. The decision defied a Reuters poll of 16 analysts, where 12 predicted no change and only four anticipated a tightening.
Furthermore, By Malay Mail First Published: Monday, 27 Jul 2026 9:26 AM MYT SINGAPORE, July 27 — The Monetary Authority of Singapore (MAS) caught markets off guard on Monday, tightening its monetary policy despite widespread expectations that it would hold steady.
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Amid those pressures, Singapore inflation has quickened yet remains relatively tame this year, coming in at 1.6% last month, below the MAS’ medium-term target of around 2%. “Singapore’s imported costs are likely to rise in the quarters ahead,” the MAS said Monday.
according to Free Malaysia TodayThe city-state was hit with a 12.5% duty on Friday, although key electronic and pharmaceutical shipments to the US are currently exempted.
according to Free Malaysia TodayThe decision defied a Reuters poll of 16 analysts, where 12 predicted no change and only four anticipated a tightening.
according to Malay MailBy Malay Mail First Published: Monday, 27 Jul 2026 9:26 AM MYT SINGAPORE, July 27 — The Monetary Authority of Singapore (MAS) caught markets off guard on Monday, tightening its monetary policy despite widespread expectations that it would hold steady.
according to Malay Mail
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