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新加坡金融管理局（MAS）周三保持其政策立场不变，在最近两次会议放松后，维持了新加坡元名义有效汇率（S$NEER）区间的升值率。该区间的宽度和中心也保持不变，MAS引用了美国潜在关税的风险。央行表示，它“处于应对中期价格稳定风险的适当位置”。在经济方面，在经历了强劲的上半年后，预计2025年下半年GDP增长将放缓。与贸易相关的行业可能会放松，而增加基础设施投资和更宽松的金融条件可能会帮助建筑和部分金融服务。然而，增长前景仍然不确定，特别是到2026年。预计成本压力将在短期内得到控制，MAS核心通胀预计将在2025年晚些时候略有上升。今年，核心通胀率和整体通胀率预计都在0.5%至1.5%之间。

The Monetary Authority of Singapore (MAS) kept its policy stance unchanged on Wednesday, maintaining the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) band after easing in its last two meetings. The width and center of the band were also left unchanged, with the MAS citing risks from potential U.S. tariffs. The central bank said it “is in an appropriate position to respond to risks to medium-term price stability.” On the economy, GDP growth is expected to slow in H2 of 2025 after a strong first half. Trade-related sectors may ease, while construction and parts of financial services could be helped by increased infrastructure investment and more accommodative financial conditions. However, growth prospects remain uncertain, particularly into 2026. Cost pressures are expected to stay contained in the near term, with MAS core inflation projected to rise slightly later in 2025. For the year, both core and headline inflation are forecast at 0.5–1.5%.

新加坡央行维持货币政策不变。新加坡央行周三保持其货币政策设置不变，此前第二季度经济增长意外上升。

Singapore central bank keeps monetary policy settings unchanged.Singapore's central bank on Wednesday kept its monetary policy settings unchanged after economic growth surprised to the upside in the second quarter.

智利央行在7月会议上一致决定将基准利率下调25个基点至4.75%，理由是全球持续存在不确定性和国内信号喜忧参半。虽然以色列-伊朗冲突已经结束，但军事紧张局势依然存在，美国对巴西和铜等国征收了新的关税，引发了全球贸易担忧。尽管有这些发展，国际金融市场反应温和，智利经济继续与6月份货币政策报告中的预测保持一致。6月份的通货膨胀率低于预期，整体CPI环比下降0.4%，但核心通货膨胀率保持平稳。在国内，消费和投资有所增长，但劳动力市场创造的就业机会疲软，失业率上升。该行重申了其在两年内将通胀率引导至3%目标的承诺，这表明其对未来利率决策采取了灵活的方法。

The Central Bank of Chile cut its benchmark interest rate by 25 basis points to 4.75% in a unanimous decision during its July meeting, citing persistent global uncertainty and mixed domestic signals. While the Israel-Iran conflict has ended, military tensions linger, and the US has introduced new tariffs, including on Brazil and copper, raising global trade concerns. Despite these developments, international financial markets have reacted mildly, and Chile’s economy continues to align with projections in the June Monetary Policy Report. Inflation came in lower than expected in June, with headline CPI falling 0.4% month-on-month, though core inflation remained flat. Domestically, consumption and investment have grown, but the labor market shows weak job creation and a rising unemployment rate. The Bank reaffirmed its commitment to guiding inflation toward the 3% target over a two-year horizon, signaling a flexible approach to future rate decisions.

周二，Ibovespa指数上涨0.5%，收于132726点，因贸易战焦虑缓解、大宗商品价格走强和企业催化剂的共同作用提升了巴西的基准。美中关税停战谈判和美欧框架协议的重启限制了对巴西出口征收更广泛关税的威胁，为农业综合企业和工业企业提供了缓解，而布伦特原油因对俄罗斯-乌克兰新制裁的担忧而跃升至72美元以上，支撑了石油和天然气生产商。与此同时，巴西航空工业公司股价上涨2.5%，此前政府表示将提供应急支持，以保护其喷气式飞机出口免受即将到来的50%美国关税的影响。在宏观方面，7月份商业信心数据强于预期，国际货币基金组织表示巴西的财政轨迹仍然可控，这增强了人们对央行在本周的Copom会议上保持稳定Selic的希望，即在通胀控制与增长支持之间取得平衡。

The Ibovespa climbed 0.5% to close at 132,726 on Tuesday as a combination of easing trade-war anxieties, firming commodity prices and corporate catalysts lifted Brazil’s benchmark. Renewed US–China tariff-truce talks and the US–EU framework agreement capped the threat of broader duties on Brazilian exports, providing relief to agribusiness and industrial names, while Brent crude’s jump above $72 on fresh Russia–Ukraine sanctions fears underpinned oil-and-gas producers. At the same time, Embraer rallied 2.5% after the government signaled contingency support to shield its jet exports from the looming 50% US tariff. On the macro front, stronger-than-expected July business-confidence readings and IMF comments that Brazil’s fiscal trajectory remains manageable reinforced hopes that the Central Bank will maintain a steady Selic at this week’s Copom meeting—balancing inflation control with growth support.