The Monetary Authority of Singapore announced its quarterly monetary policy on July 27, slightly increasing the appreciation slope of the Singapore dollar's nominal effective exchange rate. The increase was smaller than in April, and the range and median exchange rate fluctuation range remained unchanged. The Monetary Authority of Singapore pointed out that the tightening of monetary policy in April this year and the appreciation of the Singapore dollar over the past few quarters has helped ease inflationary pressure, but external price pressure will continue and affect local prices. The Monetary Authority of Singapore expects core inflation to pick up from July and remain at a high level until early 2027, so it has decided to further accelerate the pace of appreciation of the Singapore dollar and curb imported inflation.

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