Singapore June Inflation Seen Slowing Amid More Calls To Ease Policy: Reuters Poll

www.oann.com | 4/24/2017 | Staff
Alenaaa (Posted by) Level 3
SINGAPORE (Reuters) – Singapore’s headline and core inflation rate likely eased in June, a Reuters poll showed on Friday, amid more economists raising their bets on a monetary policy easing in October.

Singapore’s consumer price index in June probably rose 0.7% from a year earlier, slowing from the 0.9% rise in May, while core inflation is expected to rise 1.2% from the year earlier, slowing slightly from the 1.3% rate in May, the poll of 11 economists showed.

Slowing - Growth - Half - Year - Inflation

“Given the sharp slowing in economic growth over the first half of this year, inflation pressures should continue to ease,” said ANZ bank economist Khoon Goh in a note on Friday.

Singapore’s economy grew at its slowest annual pace in a decade in the second quarter, preliminary...
(Excerpt) Read more at: www.oann.com
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