Singapore holds monetary policy, the flags slowed in the second half of the year

Singapore has maintained its fixed monetary policy, as the city -based city is wrestling with commercial concerns from the Trump administration.

The Monetary Authority in Singapore said it would retain the offer and the level in which its policy squad is concentrated, with a warning that the growth of GDP is “expected to extend in the second half of 2025 of its strong pace in (the first half).”

“In particular, the trade -related sectors should see some decline,” the central bank said in the monetary policy statement on Wednesday.

Unlike most countries, Singapore does not use interest rates to manage their monetary policy, but instead strengthens or weakens the Singapore dollar against a basket of its main commercial partners in the Politics Squad.

The precise exchange rate has not been set; Instead, SGD can move within the specified policy range, whose accurate levels have not been detected.

The move comes after the central bank has eased the monetary policy twice earlier in 2025, and said it is now “in an appropriate position to respond to risks that are due to the stability of prices in the medium term.”

The decision comes yet Vice -reported statements by Deputy Prime Minister Gan Kim Young He stated that the United States was “non -binding” about whether the level of tariffs would remain by 10 % for Singapore documents in the United States

Gan was in the United States from 20 to 26 July, and said that “the United States was not in a mood to discuss any discount on the foundation line tariff.”

Singapore has been beaten 10 %, despite its management of a trade deficit with the United States and has a free trade agreement since 2004.

The city did not receive a “tariff speech”, and it has not faced a trade deal with the United States since “Tahrir’s Day” on April 2.

Singapore’s economy depends greatly on exports, as exports are written 178.8 % of the country’s gross domestic product in the city In 2024, according to the World Bank.

Singapore’s economy is imposed on technical stagnation In the second quarter, with the expansion of growth at a quarter of 1.4 % on the quarter and challenge 0.5 % contraction.

On an annual basis, GDP in Singapore grew by 4.3 % in the second quarter, accelerating from 4.1 % in the first three months and overcoming expectations.

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