Singapore July core inflation edges higher, possibility of further monetary easing

SINGAPORE: Singapore’s core inflation edged higher in July, but growing uncertainty about the outlook for growth and prices was seen likely to keep open the possibility of further monetary easing.

The Monetary Authority of Singapore’s (MAS) core inflation gauge rose 0.4% in July from a year earlier, higher than the median forecast of a steady 0.2% year-on-year forecast in a Reuters survey.