Economists see higher chance of MAS easing in July, as core inflation falls to four-year low in March

[SINGAPORE] Monetary policy might be loosened further in July, economists said on Wednesday (Apr 23), after core inflation slid to a four-year low of 0.5 per cent in March.

Some lowered their full-year core inflation forecasts to the bottom end of the official range, which spans 0.5 to 1.5 per cent.

But the official forecast ranges themselves were unchanged for both core and headline inflation, in a joint release by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).