Singapore Q3 GDP beats estimates at 5.4% as MAS pauses tightening

CNBC · 4 hours ago
Singapore Q3 GDP beats estimates at 5.4% as MAS pauses tightening
  • Singapore's Q3 2026 GDP growth slowed to 5.4% from a four-year high in Q2 but beat the 5% expectation of economists polled by Reuters.
  • The Monetary Authority of Singapore held policy steady, a pause after tightening in April and July on inflation risks from higher energy prices.
  • Singapore's 2026 GDP growth forecast now stands at 4.5% to 5.5%, versus the prior 2% to 4% range, the second upgrade this year after an initial 1% to 3% estimate.
  • AI-related sectors and exports drove first-half outperformance, per the source article.
  • Singapore manages the Singapore dollar against a trade-weighted basket within an undisclosed band rather than setting an interest rate.