Monetary policy statement and projections · Singapore
Singapore Monetary Policy Statement
The Singapore Monetary Policy Statement is the Monetary Authority of Singapore's statement or report explaining its policy decision, often with its own forecasts for growth, inflation and interest rates.
- Wichtigkeit
- Medium
- Nächste Veröffentlichung
- Währung
- SGD · Singapore dollar
- Zentralbank
- The Monetary Authority of Singapore
Neueste Zahlen
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Warum es wichtig ist
The words and the forecasts tell markets where its exchange-rate policy band is likely to go next. A central bank that raises its inflation forecasts or signals more hikes (the Fed's "dot plot" of rate projections, for example) can move the Singapore dollar and bond yields more than the decision itself.
So wird gerechnet
There is no single figure; the report contains the committee's projections (often the median of its members' views) and its assessment of the economy.
Was Veränderungen bedeuten
- Compare the new projections with the previous ones: the revision is the news.
- Changes of a few words in the statement are often deliberate signals.
Höher als erwartet: Higher inflation or rate projections than expected tend to lift the Singapore dollar and bond yields.
Niedriger als erwartet: Lower projections than expected tend to weaken the Singapore dollar and lower bond yields.
Eine kurze Geschichte
Central banks began to publish forecasts and statements as part of inflation targeting from the 1990s (the Bank of England's Inflation Report from 1993); the Fed's dot plot started in 2012.
MAS steers the Singapore dollar's exchange rate rather than an interest rate.
Fragen
What is the Singapore Monetary Policy Statement?
The Singapore Monetary Policy Statement is the Monetary Authority of Singapore's statement or report explaining its policy decision, often with its own forecasts for growth, inflation and interest rates.
When is the next Singapore Monetary Policy Statement?
On Friday 29 January 2027.
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