Posted 12/26/2023, 5:00:00 AM
Singapore Inflation Eases, Allowing Central Bank to Pause Policy Tightening
- Singapore's core inflation edged lower to 3.2% in November, giving the central bank room to extend its monetary policy pause
- The core measure excludes private transport and accommodation costs
- MAS uses the exchange rate as its main policy tool and kept settings unchanged at last two reviews
- Risks remain from China's economic struggles and potential supply shocks from geopolitical conflicts
- Singapore narrowed its 2022 growth forecast to 1% and expects 1-3% expansion in 2024