Singapore CPI Data Give MAS More Reason to Wait and See in July -- Market Talk

Dow Jones06-24

0448 GMT - Singapore's CPI data released Tuesday give the Monetary Authority of Singapore more reason to adopt a wait-and-see mode in July, two economists at BofA Global Research say in a report. Core inflation "surprised to the downside" at 1.4% on-year in May versus consensus expectations of 1.6%, the economists note. Singapore officials' tone in the CPI outlook was also softer than before, they say. Moreover, recent pullback in global oil prices has alleviated upward pressure on Singapore's imported costs, while a more hawkish Fed outlook increases risks of global financial conditions tightening, which may weigh on Singapore's economic activity, the economists add. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 24, 2026 00:48 ET (04:48 GMT)

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