Signs of Monetary Authority in Singapore are being shown outside the central bank’s headquarters in Singapore, on October 22, 2019. The central bank in Singapore tightened its monetary policy on Thursday, saying that the expected step on a large scale will slow down the momentum of inflation.
Huiying Bloomberg Gety pictures
Consumer price index in Singapore It grew 0.9 % year on an annual basis in FebruaryThe Ministry of Statistics said in a statement on Monday that it was slowed in four years.
The number was in line with the expectations by the economists covered by Reuters, and less than January number 1.2 %.
The basic inflation, which expels private residence and transportation, reached 0.6 %, less than 0.8 % was seen in January and 0.7 % expected in the Reuters poll.
The inflation in Singapore was large Reducing its monetary policy For the first time since 2020 in January, quoting a faster decrease than expected to inflation and warn of slowdown.
The Monetary Authority in Singapore expects the main inflation to 1.5 % – 2.5 % in 2025, compared to 2.4 % in 2024.
MAS also reduced its expectations for the basic inflation rate in January – which raises the prices of private residence and transport – by a average of 1 % – 2 % in 2025, less than 1.5 % to 2.5 % in it. October 2024 The release of monetary policy.
GDP growth in Singapore is expected to grow by 1 % -3 % over 2025, slower from 4.4 % seen in 2024.
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