Datasets
Monetary Policy and Inflation Anchors
Dated MAS S$NEER policy stance, core and headline CPI outcomes and forecasts, and trade-openness ratios that explain Singapore's exchange-rate-centred monetary framework.
Monetary Policy and Inflation Anchors
Use each row with its population base, reference period, and unit. MAS manages the S$NEER band — not a policy interest rate. Current headline CPI also appears in key statistics and annual rates; narrative lives in mas and monetary policy.
Openness ratios (why MAS targets the exchange rate)
| Metric | Value | Denominator / notes | As of |
|---|---|---|---|
| Gross exports and imports of goods and services | Exceed 300% of GDP | Trade flows relative to GDP | MAS FAQ framing |
| Import share of domestic spending | Roughly 40 cents of every domestic dollar | Import content of domestic expenditure | MAS FAQ framing |
Source: MAS monetary-policy FAQs §2, accessed 9 August 2026.
Policy stance — July 2026
| Anchor | Value | Notes | As of | |---|---|---| | S$NEER band slope | Very slightly increased rate of appreciation | Second consecutive tightening after April 2026; smaller than April move | MPS 27 Jul 2026 |
Source: MAS MPS July 2026, accessed 9 August 2026. Band parameters (slope, mid-point, width) are not published.
Inflation outcomes and forecasts
| Metric | Value | Population / denominator | As of |
|---|---|---|---|
| MAS core inflation | 1.5% year-on-year | Core CPI (excludes accommodation and private road transport) | Q2 2026 |
| Prior core inflation (early 2026) | 1.2% year-on-year | Same core definition | Jan–Feb 2026 |
| Core and headline CPI forecast band | 1.5–2.5% average | Full calendar year 2026 | MPS Jul 2026 |
Source: MAS MPS July 2026, accessed 9 August 2026. Never quote "the" inflation rate without naming core versus headline and the reference period.
Record details
- Also known as
- ["MAS core inflation","S$NEER policy band","Singapore CPI forecast 2026"]
- Jurisdiction
- SG
- What each row represents
- one dated anchor in monetary-policy-anchors
- Update cadence
- when primary sources revise anchored facts
- Source format
- markdown
Dates describe this record’s own period and applicability. A verification date does not mean a rule is currently in force.
Sources
- MAS — Monetary policy framework FAQs Accessed 2026-08-09
- MAS — Monetary Policy Statement, July 2026 Accessed 2026-08-09
Collection as of 2026-10-07 · An expanding collection. Published counts show available knowledge, not complete coverage of Singapore.