Monetary Authority of Singapore:
The Singapore economy is expected to strengthen over the rest of 2024MAS will therefore
maintain the prevailing rate of appreciation of the S$neer policy
band. There will be no change to its width and the level at which it
is centred
The sequential pace of price change is expected to be lower in the
second half of 2024 compared to H1
Both upside and
downside risks to the outlook in 2024 remain
Core inflation
should fall further to around 2% in 2025
CPI-all items
inflation is now projected to average 2.0-3.0% this year
Core inflation
should step down more discernibly in Q4
Core inflation
should step down more discernibly in Q4, and fall further to around
2% in 2025
MAS core inflation
is expected to step down more discernibly in Q4 this year and into
2025 Q1
Prevailing rate of
appreciation of the policy band will keep a restraining effect on
imported inflation
GDP growth is likely
to come in closer to its potential rate of 2-3% for the full yearCurrent monetary
policy settings remain appropriate
For 2024 MAS core
inflation is expected to average 2.5-3.5%.
Singapore economy is
expected to strengthen over the rest of 2024
SGD not a lot changed:
This article was written by Eamonn Sheridan at www.forexlive.com.
