MAS kept policy unchanged, signalling confidence in resilient growth while keeping a close watch on inflation risks in 2026. Summary:Singapore’s MAS kept monetary policy unchanged, maintaining the prevailing rate of appreciation for the S$NEER policy band, with no change to its width or centre. The decision was widely expected and follows MAS keeping the policy band on an appreciating slope in July and October 2025. The Monetary Authority of Singapore left its monetary policy settings unchanged at its January meeting, maintaining the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, in a decision that was widely anticipated by markets. On inflation, MAS revised its forecasts higher.