MAS will maintain the prevailing rate of appreciation of the S$neer policy band There will be no change to its width and the level at which it is centredMore:For 2025 as a whole, MAS core inflation and CPI-All Items inflation are forecast to average between 0.5% and 1.5%.Underlying and near-term inflationary pressures are expected to remain contained, though the inflation outlook in the quarters ahead is subject to both upside and downside risks.MAS remains in an appropriate position to respond to risks to medium-term price stability.Singapore’s GDP growth is projected to moderate in the second half of 2025, following a strong pace in H1.Growth momentum is expected to ease as front-loaded activity fades.GDP growth in H2 is expected to fall slightly below potential, though for 2025 as a whole, the output gap is projected to average around zero percent.While the global and domestic economies have been resilient so far, prospects for the Singapore economy remain subject to significant uncertainty, especially in 2026.Renewed trade conflict, financial instability, or geopolitical shocks could further exacerbate the drag from the global slowdown. This article was written by Eamonn Sheridan at investinglive.com.