0108 GMT - Singaporeans' inflation expectations are trending down moderately, according to an index by the Sim Kee Boon Institute for Financial Economics and DBS. Headline inflation expectations for the year ahead eased to 4.0% in March from 4.2% in December 2023. Expectations are easing more slowly due to global growth headwinds, with supply-chain disruptions, conflicts in Ukraine and the Middle East, and a resilient U.S. economy also factors. "Inflation has eased over the past year, but not to the extent of giving policymakers the comfort to ease," says DBS Chief Economist Taimur Baig. Expectations are adjusting to the reality of above-trend inflation, a largely global phenomenon, he adds. Still, "neither inflation nor inflation expectations are at levels to cause concern about additional tightening in the horizon." (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
April 15, 2024 21:08 ET (01:08 GMT)
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