Ukraine crisis, inflation fears fuel market chatter about early central bank action

Singapore

WITH inflation fears worsening as war rages in Ukraine, some economists have speculated that Singapore's central bank could make an early or off-cycle monetary policy move ahead of its April meeting.

Already, the spectre of higher inflation - driven mainly by rises in energy and food prices - was almost unanimously cited as a risk to the economy in a quarterly survey from the Monetary Authority of Singapore (MAS) on Wednesday (Mar 9).