Published:
MAS core inflation down to “unthinkable” level: HSBC
Disinflation has taken hold in Singapore.
The Monetary Authority of Singapore’s core inflation measure has moderated to a level “unthinkable” just a year ago, a report by HSBC stated today.
HSBC noted that disinflation has taken hold in Singapore and deflation risks are already higher here than in other ASEAN economies.
“This change in inflation expectations led to the MAS drastically trimming forecasts and changing its monetary policy stance in a rare off-cycle decision on January 28. The MAS expects headline and core CPI to come in the ranges of -0.5 to 0.5% and 0.5 to 1.5%, respectively,” stated HSBC.
Read Here
Advertise
Sign Up
