Singapore's Monetary Policy Expected to Ease Further in July, Economists Predict Modest Growth

According to PANews, the Monetary Authority of Singapore is anticipated to further ease its monetary policy in July, as indicated by a survey of respondents. Economists forecast a growth rate of 1.7% for 2025, a decrease from the 2.6% predicted in the first quarter survey. The growth rate for 2026 is also expected to be 1.7%. The overall Consumer Price Index (CPI) inflation for 2025 is projected at 0.9%, down from the first quarter's expectation of 1.7%, with a forecast of 1.5% for 2026. Core inflation for 2025 is expected to be 0.8%, lower than the 1.5% predicted in the first quarter, with a similar expectation of 1.5% for 2026. Economists also anticipate a year-on-year economic growth of 3.0% for the second quarter of 2025.