Singapore GDP Beats Estimates; MAS Keeps Monetary Settings Steady

The video discusses the central bank of Singapore's policy announcements, typically scheduled in April and October, with unscheduled meetings since October 2021. The bank has tightened policy five times but kept it unchanged in recent meetings, indicating a need for flexibility due to market uncertainties. Economic growth is fragile, with China's economy faltering and Singapore's exports contracting. Tensions in the Middle East and high oil prices pose additional challenges. Quarterly reviews could offer more flexibility in monetary decisions. Despite expectations, Singapore's third-quarter GDP showed resilience, potentially allowing for policy tightening if inflation rises. The Sing dollar has gained but may have limited room for further appreciation against regional currencies.

What impact do tensions in the Middle East and oil prices have on Singapore's economy?

What was the unexpected growth rate for Singapore's third quarter GDP?