The Monetary Authority of Singapore (MAS) left its monetary policy unchanged on Tuesday, maintaining the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) band, with no change to its width or centre. Having eased policy twice this year, the central bank said it remains well-positioned to respond to risks to medium-term price stability and is closely monitoring global uncertainties. Advance estimates showed the country's Q3 GDP rose 1.3% qoq, slightly below Q2’s 1.5% but above expectations, supported by manufacturing and domestic demand despite U.S. tariff headwinds. Year-on-year growth moderated to 2.9% from 4.5%. MAS expects growth to ease as trade-related sectors normalise, though AI investment, infrastructure spending, and financial conditions should support activity. GDP is projected to return to near-trend in 2026, with core inflation averaging 0.5% in 2025 and rising to 0.5–1.5% in 2026.