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%.
