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Singapore Inflation Rises To 4.7%, Highest In 5 Months

Singapore's consumer price inflation accelerated for the second straight month in October to the highest level in five months amid higher private transport costs along with the rise in core inflation, data released by the Monetary Authority of Singapore and the Ministry of Trade and Industry revealed on Thursday.
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MAS maintains status quo on monetary policy, anticipates gradual improvement in Singapore's economy for the next year

The Monetary Authority of Singapore (MAS) upheld its exchange rate-based monetary policy, in line with expectations, marking the second such maintenance this year. The central bank remains dedicated to maintaining the current rate of appreciation within the S$NEER policy band, with no adjustments to its width or central level.
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Source: gutzy.asia

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