Ukraine crisis, inflation fears fuel market chatter about early central bank action
Russian invasion expected to raise costs beyond earlier estimates; 'stagflation' spectre looms
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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).
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