What We Do
The Monetary Policy Group is responsible for the surveillance and forecasting of the domestic and external economies, monetary policy formulation and economic research in MAS.
There are two departments in the group which work closely together on these functions, and collaborate on in-depth studies. The Group also oversees the Information Resource Centre (IRC) which provides relevant resources and value-added services to support the information needs of staff in research and policymaking.
Our Departments
Economic Analysis Department
The Economic Analysis Department analyses developments and trends in the international economy, and maintains a suite of macroeconomic models of the Singapore economy.
Economic Surveillance and Forecasting Department
The Economic Surveillance and Forecasting Department undertakes surveillance and provides forecasts of the domestic economy, prices and wages, to support monetary policy decisions.
Macroprudential Surveillance Department
The Macro-prudential Surveillance Department conducts surveillance of the financial system to identify emerging trends and potential vulnerabilities, and closely monitors and evaluates developments in G-3 and regional economies, as well as international financial markets. The department undertakes in-depth policy-relevant studies on macro-financial linkages, systemic risk and other financial stability issues. It works closely with MAS' supervisory departments to ensure that both macro and micro-prudential perspectives are brought to bear on financial stability issues.