net_left adver left
Detail

‘Inflation Expected to Remain Elevated’: Singapore Monetary Authority

Singapore will feel consistent pressure from global financial concerns.MAS urged citizens to save money to weather these difficult times.Singapore’s core consumer price...
‘Inflation Expected to Remain Elevated’: Singapore Monetary Authority ‘Inflation Expected to Remain Elevated’: Singapore Monetary Authority

  • Singapore will feel consistent pressure from global financial concerns.
  • MAS urged citizens to save money to weather these difficult times.
  • Singapore’s core consumer price index is still at its 14-year highs.

Experts predict that even though Singapore’s core inflation eased a little around October, the nation will continue to feel consistent pressure from global financial concerns in the upcoming months.

In a recent report, the Monetary Authority of Singapore (MAS) warned the citizens about weakening demand and ongoing inflationary pressures. It stated that the country’s business, housing, and banking sectors are financially vulnerable.

In addition, the central bank added that “inflation is expected to remain elevated, underpinned by a strong labor market and continued pass-through from high imported inflation.”

This news comes as a blow to the Singaporean economy, which is already struggling with sluggish growth and high inflation.

The Monetary Authority of Singapore has been urging businesses and citizens to save more money to weather these difficult times. However, it seems that the pain will continue for a while.

Moreover, the Central Bank stated:

The most immediate risk is a potential dysfunction in core international funding markets and cascading liquidity strains on non-bank financial institutions that could quickly spill over to banks and corporates.

Singapore’s core consumer price index increased 5.1% in October compared to somewhat less than 5.3% in September, although it is still at 14-year highs.

MAS believes that “overall price stability” is often reflected by a core inflation rate of 2%, despite Singapore not having a specific inflation objective.

While core inflation levels are expected to remain high during the first quarter of 2023, according to JP Morgan analysts, the subsequent readings will show a further fall. This would allow the central bank to change its hawkish stance.

It is predicted that inflation will continue to be a major concern for Singapore, despite minor interest rate increases from global central banks like the Reserve Bank of Australia and the Bank of Korea.

The post ‘Inflation Expected to Remain Elevated’: Singapore Monetary Authority appeared first on Coin Edition.

See original on CoinEdition

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
10-12-2022 04:56:29 (UTC+7)

EUR/USD

1.0535

-0.0021 (-0.20%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

EUR/USD

1.0535

-0.0021 (-0.20%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

GBP/USD

1.2261

+0.0028 (+0.23%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (10)

Sell (1)

USD/JPY

136.57

-0.08 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (9)

AUD/USD

0.6798

+0.0029 (+0.44%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

USD/CAD

1.3645

+0.0050 (+0.37%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (4)

EUR/JPY

143.88

-0.37 (-0.26%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

EUR/CHF

0.9847

-0.0039 (-0.39%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Gold Futures

1,809.20

+7.70 (+0.43%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Silver Futures

23.695

+0.449 (+1.93%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Copper Futures

3.8565

-0.0270 (-0.70%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (0)

Crude Oil WTI Futures

71.48

+0.02 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

76.62

+0.47 (+0.62%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (1)

Natural Gas Futures

6.303

+0.341 (+5.72%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

157.73

-0.97 (-0.61%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Euro Stoxx 50

3,942.62

+21.35 (+0.54%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

S&P 500

3,934.38

-29.13 (-0.73%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

DAX

14,370.72

+106.16 (+0.74%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

FTSE 100

7,476.63

+4.46 (+0.06%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (3)

Hang Seng

19,900.87

+450.64 (+2.32%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

US Small Cap 2000

1,800.80

-17.49 (-0.96%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

IBEX 35

8,289.20

+63.30 (+0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (2)

BASF SE NA O.N.

47.720

+0.620 (+1.32%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

Bayer AG NA

52.88

+0.15 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Allianz SE VNA O.N.

204.70

+1.05 (+0.52%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Adidas AG

118.90

+1.36 (+1.16%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Deutsche Lufthansa AG

7.717

+0.005 (+0.06%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (2)

Siemens AG Class N

133.44

+1.44 (+1.09%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (3)

Deutsche Bank AG

10.140

+0.118 (+1.18%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

 EUR/USD1.0535↑ Buy
 GBP/USD1.2261↑ Buy
 USD/JPY136.57↑ Sell
 AUD/USD0.6798↑ Buy
 USD/CAD1.3645Neutral
 EUR/JPY143.88Neutral
 EUR/CHF0.9847↑ Sell
 Gold1,809.20↑ Buy
 Silver23.695↑ Buy
 Copper3.8565↑ Buy
 Crude Oil WTI71.48↑ Buy
 Brent Oil76.62↑ Buy
 Natural Gas6.303↑ Sell
 US Coffee C157.73↑ Sell
 Euro Stoxx 503,942.62↑ Buy
 S&P 5003,934.38↑ Sell
 DAX14,370.72↑ Buy
 FTSE 1007,476.63Buy
 Hang Seng19,900.87↑ Buy
 Small Cap 20001,800.80↑ Buy
 IBEX 358,289.20↑ Buy
 BASF47.720Neutral
 Bayer52.88↑ Buy
 Allianz204.70↑ Buy
 Adidas118.90↑ Buy
 Lufthansa7.717Neutral
 Siemens AG133.44Buy
 Deutsche Bank AG10.140↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,620/ 6,690
(0/ 0) # 1,569
SJC HCM6,630/ 6,710
(0/ 0) # 1,587
SJC Hanoi6,630/ 6,712
(0/ 0) # 1,589
SJC Danang6,630/ 6,712
(0/ 0) # 1,589
SJC Nhatrang6,630/ 6,712
(0/ 0) # 1,589
SJC Cantho6,630/ 6,712
(0/ 0) # 1,589
Cập nhật 10-12-2022 04:56:31
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,797.49+8.240.46%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.83024.300
RON 95-III22.70023.150
E5 RON 92-II21.67022.100
DO 0.05S23.21023.670
DO 0,001S-V25.19025.690
Dầu hỏa 2-K23.56024.030
ↂ Giá dầu thô thế giới
WTI$71.49+1.11.53%
Brent$76.83-0.14-0.19%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.390,0023.700,00
EUR24.249,6925.607,39
GBP28.090,0729.287,67
JPY168,10177,96
KRW15,6419,06
Cập nhật lúc 18:54:33 09/12/2022
Xem bảng tỷ giá hối đoái
adver main right