Singapore Central Bank Likely to Hold on Softer September Core CPI
Dow Jones10-23 15:54
0754 GMT - The Monetary Authority of Singapore is likely to leave its policy settings unchanged in the near term, after September's core inflation rate came in softer than expected, Barclays economist Brian Tan says in a note. Core CPI rose 2.0% in September, compared to Barclays' forecast of 2.3%. The MAS is expected to shrug off future better-than-expected GDP growth unless core inflation re-accelerates or there are more signs of price pressures from the artificial intelligence boom or the Middle East conflict. While the MAS doesn't have an explicit inflation target, it views average core inflation just below 2% as consistent with overall price stability.
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