Singapore's central bank on Monday left its monetary settings unchanged, as expected, as data showed the economy perked up in the third quarter though analysts are betting on a loosening in policy early next year to guard against external risks.

SINGAPORE: Singapore's central bank on Monday left its monetary policy settings unchanged, as expected, as data showed the economy picked up pace in the third quarter and policymakers expressed optimism about the 2025 outlook.

Singapore’s central bank kept its monetary settings unchanged, defying a global wave of policy easing as the city-state’s economy powered ahead in the third quarter.Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms,

Singapore’s economic growth accelerated in the third quarter, suggesting the recovery is gaining momentum in the face of tight monetary settings and intensifying geopolitical tensions.

Singapore's Q3 growth beat market expectations to hit 4.1%. Advance estimates showed it surpassed Q2's 2.9% growth, boosted by the manufacturing sector's rebound. The sector grew by 7.5%, reversing the 1.

Manufacturing sector expanded 7.5 per cent, rebounding from 1.1 per cent contraction in previous quarter. Read more at straitstimes.com.