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By Amanda Lee SINGAPORE--Singapore's central bank kept its monetary policy unchanged for a fourth straight time, saying current settings are needed to keep imported inflation and domestic cost... -April 11, 2024 at 08:49 pm EDT - MarketScreener
Despite a significant decline in inflation rates from the peak of 9.1% in 2022 to the current level of 3.2%, many consumers continue to feel the pinch of high prices.
According to data, February inflation remained elevated nationally, but the good news is that it was lower in Phoenix.
The MAS Monetary Policy Jan 2024 statement offered some good news: core inflation in 2024 is expected to ease to an 2.5per cent to 3.5 per cent. While it warned of a dimmer outlook for Singapore on the back of continued troubles in the global economy, the statement is nonetheless a hopeful one. CPI-All Items inflation averaged 4.8 per cent...
Singapore's economic outlook for 2024 looks optimistic, with growth projected for key sectors like electronics, F&B, and travel industries.