Core inflation negative in Feb; MAS to release policy decision on March 30
Core inflation at -0.1% year-on-year, below economists' predictions of 0.1% and down from 0.3% in January
Add BT as a preferred source
Singapore
SINGAPORE'S core inflation turned negative in February for the first time in a decade, prompting economists to expect significant monetary easing, while the Monetary Authority of Singapore (MAS) separately said that its half-yearly monetary policy decision will be released on March 30 instead of in April.
All-items or headline inflation was 0.3 per cent year-on-year, below economists' expectations of 0.4 per cent and down from 0.8 per cent in January, according to Department of Statistics consumer price index (CPI) figures on Monday.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Singapore developer in limbo after Timor-Leste scraps major township project
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
