Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Singapore’s lower-than-expected MAS core inflation cements case for pause at upcoming MAS April review, says ANZ Research

Singapore’s lower than expected MAS core inflation print, which eased to 1.5 percent y/y in February from 1.7 percent the month before, cemented the case for a pause at the upcoming April review of the Monetary Authority of Singapore (MAS), according to the latest report from ANZ Research.

Alongside economic growth slowing towards trend and the US Federal Reserve signalling a pause in their hiking cycle, there is no pressing need for the MAS to further tighten policy at this stage.

While a tight labour market could still see inflation pressures emerge, this is not evident, especially in the costs of services. Lower prices for electricity and gas in the coming quarter look set to keep core inflation manageable.

A tight labour market is still expected to exert some upward pressure on domestic prices. But at present, this is not evident in the CPI numbers with the competitive landscape helping to hold down prices for services. The MAS has maintained its forecast for Core Inflation and CPI-All Items inflation at 0.5-1.5 percent and 1.5-2.5 percent respectively for 2019, the report added.

"While a tight labour market could still see inflation pressures emerge, this is not evident, especially in the costs of services. Lower prices for electricity and gas in the coming quarter look set to keep core inflation manageable," ANZ Research commented.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-04-19 00:47:08
0m

April 18 23:30 UTC Released

JPCPI Less Food and Energy

Actual

101.5 Index

Forecast

Previous

101.4 Index

April 18 23:30 UTC Released

JPNationwide Core CPI YY

Actual

0.3 Percent

Forecast

Previous

0.3 Percent

January 31 00:00 UTC 637984637984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 637984637984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 649804649804m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 637984637984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 649804649804m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 637984637984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 637984637984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 637984637984m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.