According to reports from Jin10, a survey by the Monetary Authority of Singapore shows that most respondents expect further easing of monetary policy in the July policy review. Economists forecast a growth rate of 1.7% for 2025, down from the 2.6% predicted in the first quarter survey.
Growth for 2026 is also expected to be 1.7%. The overall CPI inflation expectation for 2025 is 0.9%, down from 1.7% in the first quarter, and the expectation for 2026 is 1.5%. The core inflation rate for 2025 is expected to be 0.8%, down from 1.5% in the first quarter survey, with the expectation for 2026 at 1.5%. Economists predict a year-on-year economic growth of 3.0% in the second quarter of 2025.