ANZ, one of the few firms to forecast MAS would hold policy at Wednesday’s meeting, said MAS could resume tightening if inflation risks materialize next year. ANZ Asia research head Khoon Goh noted Q3 GDP beat expectations and MAS expects core inflation to remain slightly elevated near term, but the effects of April and July tightenings are still transmitting, so the authority sees no need to tighten further now; that does not rule out more tightening if inflation trends higher next year.