Economic Policy Group

The Economic Policy Group is responsible for the surveillance and forecasting of the domestic and external economies, monetary policy formulation, macroprudential surveillance, as well as economic research in MAS. It also undertakes the role of knowledge management for MAS, which includes data, library and records management.

Our Departments

Economic Analysis Department

The Economic Analysis Department analyses developments in the international economy and provides forecasts to support monetary policy decisions and discussions at international meetings. The Department maintains a suite of macroeconomic models of the Singapore economy to simulate the impact of shifts in monetary policy and macro-prudential policies.

Economic Surveillance and Forecasting Department

The Economic Surveillance and Forecasting Department undertakes surveillance and forecasting of the domestic economy, prices and wages, which are the key underpinnings of monetary policy decisions. The Department works with the Monetary and Domestic Markets Management Department on monetary policy implementation issues. 

Macroprudential Surveillance Department

The Macroprudential Surveillance Department conducts surveillance of the global and domestic financial systems to identify emerging trends and vulnerabilities. The Department undertakes 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.

Enterprise Knowledge Management Department

The Enterprise Knowledge Department partners other MAS departments to manage MAS’ knowledge assets, by formulating information and data governance policy. The department works together with the Technology Group to implement these policies.