26 Jan '11, 1pm

MAS reiterates inflation to remain high in H1: SINGAPORE : The Monetary Authority of Singapore (MAS) reiterated

SINGAPORE : The Monetary Authority of Singapore (MAS) reiterated its stance on inflation, saying inflation is likely to remain high in the next few months. MAS said it has received a number of queries on the issue of rising inflation, which remains high due to the recent surge in COE premiums and global food prices. The central bank, however, said it expects headline inflation to moderate in the second half of the year. It also said it continuously monitors price developments closely and would announce any revision to the inflation forecast at the release of final fourth quarter and annual 2010 economic results in February. Singapore's Consumer Price Index (CPI) rose 4.6 per cent in December, from a 3.8 per cent rise in the month before.

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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