SINGAPORE: Singapore's annual core consumer inflation likely held steady at 2.2 percent in August, a Reuters poll showed, within the central bank's projections ahead of a policy review next month.
The Monetary Authority of Singapore (MAS) has said that core inflation is expected to stay "elevated" at 2-3 percent in 2014, with domestic cost pressures likely to remain the main source of inflation at a time when the labour market has been tight.
Against this backdrop, economists have said the MAS will probably maintain its tight monetary policy stance of allowing a "modest and gradual" appreciation of the Singapore dollar at its policy review due in October.
The Reuters poll of 10 economists also showed that all-items annual consumer inflation probably held steady at 1.2 percent in August after it slipped to a four-month low in July due to lower transport costs.
All-items consumer inflation has been subdued this year due to a moderation in housing costs and car prices.
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