Singapore Stocks Muted After MAS Policy Decision
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The Singapore Stock Exchange remained stable with the STI around 4,912 after the Monetary Authority of Singapore (MAS) decided to maintain its monetary policy while increasing inflation forecasts to 1%-2%. Despite this, GDP growth is projected to be resilient, with a 4.8% increase in 2025. The unemployment rate remains at 2%. Energy and utilities sectors saw gains, while consumer durables and communication sectors declined. Sembcorp and Singapore Technologies Engineering saw increases, while Jardine Cycle & Carriage and Jardine Matheson Holdings experienced declines.
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