23 Jan '13, 5am

Singapore inflation accelerates, narrowing scope for central bank to ease policy

Singapore inflation accelerates, narrowing scope for central bank to ease policy

Munshi Ahmed/Bloomberg A view shows buildings standing in the skyline of Singapore. Singapore ’s inflation rate rose to the highest in three months in December, reducing the central bank’s scope to ease monetary policy to boost growth. The consumer price index rose 4.3 percent from a year earlier, after climbing 3.6 percent in November, the Department of Statistics said in a statement today. The median estimate of 18 economists in a Bloomberg News survey was for a 3.8 percent increase. Price gains averaged 4.6 percent in 2012, the government said. Inflation has remained elevated even after the Monetary Authority of Singapore tightened monetary policy last year by allowing its currency to appreciate, as private property prices reached a record and the cost of owning a vehicle surged. The central bank forecasts price gains will be in a 3.5 percent-to- 4.5 percent range in 20...

Full article: http://www.bloomberg.com/news/2013-01-23/singapore-inflat...

Tweets

Bank of Japan adopts 2% inflation target, open-...

forums.condosingapore.com 22 Jan '13, 6am

I think borrow Yen and finance SG's asset. Wait for the currency to be devalue and return the Yen and sell off SG asset. I...

Levitating around Singapore

Levitating around Singapore

fubiz.net 23 Jan '13, 9am

Découverte de Jayden et Jeff, qui sont 2 jeunes photographes originaire de Singapour et qui ont formé le duo Levitation SG...

Government to unveil energy efficient vehicle (EEV) policy by first half of the year, says MITI

Government to unveil energy efficient vehicle (...

paultan.org 23 Jan '13, 8am

Much has been said about making Malaysia a hub for energy efficient vehicles (EEV), and the government will unveil policie...