Singapore’s central bank is keeping monetary policy unchanged, even as it warns that inflation could remain elevated well into 2027 amid persistent energy price pressures linked to the Iran war.

On The Big Story, Hongbin Jeong speaks with Sheana Yue, Senior Economist for Macro Forecasting at Oxford Economics, to find out why the Monetary Authority of Singapore is holding its current stance, how much a stronger Singdollar can do to cushion rising import costs, and when consumers might see some relief.

With Singapore’s economy growing 5.4% year on year in the third quarter, largely driven by technology-related sectors, they also examine why strong economic growth may not translate into relief for households, and what lies ahead for inflation and the cost of living.