MAS keeps monetary policy unchanged, expects inflation to decline further

Quick Summary:

Core inflation in Singapore is anticipated to ease to about 2 per cent by the end of the year, says the central bank.

The central bank can adjust policy by changing the slope, mid-point and width of the band.

"If there is stronger-than-anticipated demand for labour due to upsides in GDP growth, it may take longer for unit labour cost growth to moderate and consequently for services price inflation to normalise," it said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMali

Topics: Policy Global Singapore Central Cent Growth Monetary Year Expected Inflation Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 09:13:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 804 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23030350

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