Singapore Central Bank Likely to Stand Pat Next Month -- Market Talk
Dow Jones03-23
0823 GMT - The Monetary Authority of Singapore is likely stay on hold in April, despite core inflation rising in February, Barclays economist Brian Tan writes in a note. Core inflation--which is closely watched by the MAS--accelerated in February, mainly due to base effects for uncooked food prices and volatile travel costs. "Our estimates indicate demand-pull pressures remain broadly stable at relatively benign levels," Tan says. The monetary policy statement and other comments from officials next month are likely to sound relatively hawkish, but this may be mainly intended to keep inflation expectations under control, and not to signal monetary policy tightening. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 04:23 ET (08:23 GMT)
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