MAS: Monetary policy could ease as AI boosts productivity
Source: The Straits Times
Published on: 2026-10-20 12:28
Robinson said AI is helping Asia, especially electronics exports, and could lift productivity by up to 0.6 percentage point a year if adoption, skills and infrastructure improve. SINGAPORE - Central banks may be able to ease monetary policy once artificial intelligence delivers widespread productivity gains, but they should keep policy appropriately restrictive for now as the AI investment boom fuels demand, said Monetary Authority of Singapore (MAS) chief economist Edward Robinson on Oct 20. While AI-related investments are driving economic growth, the technology has yet to deliver significant productivity improvements across the wider economy, he said. Speaking at the Beijing Financial Street Forum, Robinson cautioned that misjudging this transition could carry risks, calling for a gradual, data-dependent approach to monetary policy. MAS tightened monetary policy in April and July ...
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