Aidan Shevlin, head of international liquidity fund management at Morgan Asset Management, said in an email that the Monetary Authority of Singapore is not expected to further relax the policy in 2026 and may keep the nominal effective exchange rate policy setting for the Singapore dollar unchanged. In response to concerns about the impact of tariffs on Singapore's trade-dependent economy and slowing inflation, the central bank began easing policies in 2025. However, the Singapore Monetary Authority has remained on hold since April last year, maintaining its policy in a moderately restrictive position. “With strong economic growth and reduced uncertainty, the Monetary Authority of Singapore believes that its current policy stance is appropriate to support growth while curbing inflation,” he said.

Aidan Shevlin, head of international liquidity fund management at Morgan Asset Management, said in an email that the Monetary Authority of Singapore is not expected to further relax the policy in 2026 and may keep the nominal effective exchange rate policy setting for the Singapore dollar unchanged. In response to concerns about the impact of tariffs on Singapore's trade-dependent economy and slowing inflation, the central bank began easing policies in 2025. However, the Singapore Monetary Authority has remained on hold since April last year, maintaining its policy in a moderately restrictive position. “With strong economic growth and reduced uncertainty, the Monetary Authority of Singapore believes that its current policy stance is appropriate to support growth while curbing inflation,” he said.