Core Viewpoint - The Monetary Authority of Singapore (MAS) is likely to maintain its policy unchanged this month after two rounds of easing in January and April, despite pressures on growth from global trade disruptions [1] Economic Outlook - The second quarter GDP exceeded expectations, and the core inflation rate remains low, providing sufficient pause space for Singapore [1] - The MAS may prioritize retaining policy space before the Trump administration finalizes national and industry tariffs [1] Future Projections - If external adverse factors worsen and inflation remains low, CIMB expects MAS to flatten the nominal effective exchange rate policy band for the Singapore dollar to 0% in October [1]