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SINGAPORE: Singapore’s central bank will likely keep its tight monetary policy settings for a third straight review while retaining its sharp focus on still-elevated inflation.
(Bloomberg) -- Singapore’s top central banker said the monetary authority is watching for signs of accelerating inflation and is ready to act, underscoring how policy makers globally are refocusing attention on rising prices after their extraordinary efforts to weather the pandemic.
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(Feb 16): Singapore’s budget on Tuesday is expected to offer more targeted measures to support the economy’s recovery from its worst year since independence, setting up a third straight budget deficit for the traditionally fiscally conservative city-state. While the the nation appears past the worst of the pandemic and its spending shortfall is narrowing, industries including food and beverage and those associated with travel remain crushed by mobility restrictions. Firms are also still grappling with restructuring staffs and supply chains. “Certain sectors are still struggling with wea...