Singapore Holds Monetary Policy Steady on Tariff Uncertainty

Singapore left its monetary policy unchanged Wednesday after two consecutive rounds of easing, as subdued inflation gives policymakers time to assess the economic fallout from US tariffs this year and next.

The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool rather than interest rates, said in a statement that it will keep the slope, width and center of the policy band unchanged. The decision was predicted by 14 of 19 economists in a Bloomberg survey.