Deputy Prime Minister Lawrence Wong has been named as the new chairman of the Monetary Authority of Singapore (MAS), the country's financial regulator and central bank. He will replace Tharman Shanmugaratnam, who held the position for 12 years. Wong, who is also the finance minister, will serve as chairman until May 2026. Singapore's Minister for Trade and Industry, Gan Kim Yong, will be appointed as deputy chairman of the MAS Board. Despite the country's economic slowdown, Barclays does not expect the central bank to make any changes to its monetary policy in the near term.

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