Singapore inflation remains at over four-year low ahead of MAS decision

Singapore’s title inflation rate remained fixed by 0.8% in June and remained at the lowest level in four years.

The inflation figure was lower than 0.9% expected by economists and prevented the country’s monetary policy decision in July.

Core inflation, which eliminates special transportation and accommodation prices, has not changed by 0.6%.

The soft inflation figure cleanses Singapore’s way to alleviate monetary policy to support growth in an uncertain trade environment of Singapore’s money authority.

Inside Last Year Report published on July 15Singapore Monetary Authority, core inflation “in the first five months of this year, under expectations to significantly mitigated up to 1%,” he said.

“For the entire year, core inflation is estimated to decrease from 2.8%to 1.5%in 2024.” He said.

MAS also continued to estimate that Singapore’s GDP growth of 4.1% and 4.3%, respectively in the first and second quarter of this year, respectively, the GDP growth of 0-2% continued to expect 0-2% full year.

Analysts from Bank of America said that on July 16, MAS was more concerned about the influence on the internal appearance from the extremely uncertain global growth ground.

Analysts, “2H25 MAS, domestic growth in the coming months softening and investment is seen and tariffs to export with domestic production and export to export to export ‘to be suppressed.”

Other experts also told CNBC that Singapore’s economy at the beginning of July could slow down because the increase in the pre -loading exports fell to the second half of the year.

“Singapore’s export -oriented services sector will return and production activity will continue to fight,” Capital Economics Economist Shivaan Tandon said. He said.

Singapore economy is largely dependent on export. The figures from the World Bank show that exports have been created 178.8% of the GDP of the city state In 2024.

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