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The Singapore Cash Power Park was shown outside the headquarters of the Central Bank in Singapore, on October 22, 2019, the Central Bank in Singapore tightened its monetary policy on Thursday, saying that the widely estimated move would slow down the inertia of inflation.
Huiying ore | Bloomberg | Ghetto images
Singapore Consumer Prices Index increased by 0.9% per year in FebruaryNoting its slowest growth in four years, the Ministry of Statistics said on Monday.
The figure was in accordance with the expectations of the economists surveyed by Reuters and a lower January figure of 1.2%.
The main inflation, which enchants accommodation prices and private transport, has reached 0.6%, lower than 0.8%, observed in January, and 0.7%is expected from the Reuters poll.
Singapore inflation has largely been a tendency to reduce the country’s leading monetary power to Loosen your monetary policy For the first time since 2020 in January, citing faster than expected decline in inflation and warning to slow growth.
The Singapore Cash Authority predicted the title inflation to an average of 1.5% -2.5% in 2025, compared to 2.4% in 2024.
MAS also lowered its main inflation forecasts in January – which enchants accommodation prices and private transport – up to an average of 1% -2% in 2025, lower than 1.5% -2.5%, projected in its October 2024 The release of monetary policy.
The GDP growth in Singapore is envisaged to increase by 1% -3% in 2025, slower than 4.4%, observed in 2024.
