Singapore to double monetary policy statements from 2024

Decisions to be issued 4 times a year; Q3 GDP growth inches up to 0.7%

20231013 Singapore city

Singapore's economy grew 0.7% in the July to September quarter of 2023. © Reuters

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- The Singaporean central bank on Friday announced it will release monetary policy decisions quarterly from next year, rather than the current schedule of twice a year, as it seeks to enhance communications with the market amid global inflation.

The Monetary Authority of Singapore currently holds two scheduled monetary policy meetings a year, in April and October. But in light of unprecedented global inflation in recent years, the central bank is pushing to evaluate and communicate policy more flexibly.

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