2022-11-25 08:37:51

Singapore's inflation may have eased slightly, but central bank warns pain likely to linger

Logo CNBC
CNBC
By Jihye Lee

Key Points

  • The Monetary Authority of Singapore warned of prolonged risk factors piling onto the nation's financial vulnerability in the corporate, housing and banking sectors.
  • Amid weakening external demand, the Singapore economy is projected to slow to a below-trend pace in 2023, MAS said in a report.
  • It also said, Inflation is expected to remain elevated, underpinned by a strong labour market and continued pass-through from high imported inflation.

Singapore skyline from the Merlion park on May 15, 2020.

Roslan Rahman | AFP | Getty Images

Singapore's economy is likely to face persistent pain from global financial concerns, even though the country's core inflation eased somewhat in October.

The Monetary Authority of Singapore warned of prolonged risk factors piling onto the nation's financial vulnerability in the corporate, housing and banking sectors citing weakening demand and persistent inflationary pressures.

Amid weakening external demand, the Singapore economy is projected to slow to a below-trend pace in 2023, the central bank said in its latest Financial Stability Review report. Inflation is expected to remain elevated, underpinned by a strong labour market and continued pass-through from high imported inflation.

Continue read on cnbc.com

Logo Channel NewsAsia
Business / FinanceBy Davina Tham2022-11-25 05:00:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE:...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 07:54:12
Malaysia's consumer price inflation eased for the second successive month in October to the lowest level in four months, data from the Department of...

Logo The Business Times
Business / FinanceBy Tan Nai Lun2022-11-25 05:10:03
THE unwinding of pandemic-induced precautionary buffers has made Singapores companies, households and banks more financially vulnerable this year, said the...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-23 06:49:07
Singapore's consumer price inflation eased more-than-expected in October to the lowest level in four months, data published by the Monetary Authority of...

Logo Investing.com
EconomyBy Ambar Warrick/Investing Com2022-11-23 05:22:33
By Ambar Warrick Investing.com -- Singapore inflation eased more than expected in October thanks to fewer supply chain issues and cooling commodity prices,...

Logo RTTNews
EconomyBy Rtt News Staff Writer2022-11-25 06:55:46
Singapore's industrial production declined in October, albeit at a slightly slower than expected pace, data from the Economic Development Board revealed on...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-23 05:05:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE:...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-23 00:00:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE:...

Logo RTTNews
EconomyBy Renju Jaya2022-11-23 08:55:50
Singapore's economy is set to expand at a much slower pace next year in tandem with the deterioration in external demand conditions, the Ministry of Trade...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 10:13:00
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HONG KONG:...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 04:13:24
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide KUALA LUMPUR :...

Logo Inquirer.net
Business / FinanceBy Ronnel W Domingo2022-11-24 18:10:00
The Philippines, along with Vietnam, is expected to grow fastest among Southeast Asian economies next year even as the blocs expansion will slow down,...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 13:44:33
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide FRANKFURT :...

Logo CNBC
EconomyBy Jenni Reid2022-11-24 14:09:02
Key Points Claudia Buch, vice president of the Bundesbank, told CNBC there had not been a reversal of the overall dynamic in the housing market so there...

Logo Investing.com
EconomyBy Ambar Warrick/Investing Com2022-11-24 23:54:27
By Ambar Warrick Investing.com--Tokyo core CPI inflation rose more than expected to a 40-year high in November, data showed on Friday, heralding a similar...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 01:56:37
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE :...

Logo Daily Mail
Business / FinanceBy Lucy White2022-11-24 21:50:49
Interest rates must keep rising even though the hikes are adding to the painful squeeze on millions of households and small firms, a deputy governor of the...

Logo Inquirer.net
Business / FinanceBy Jordeene B Lagare2022-11-25 04:14:38
A rollback of up to P3.70 per liter in the prices of petroleum products is expected next week. Rodela Romero, assistant director of the Department of Energys...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 23:53:44
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TOKYO : Core...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 09:59:32
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide TOKYO :...