Global inflation hasn’t peaked yet, says Singapore central bank

The Monetary Authority of Singapore in its 2021-22 annual report released on Tuesday, which sees inflation easing only next year as major central banks withdraw policy support and supply challenges are addressed. - Bloomberg

SINGAPORE, July 19 (Bloomberg): The worst of the global price shocks triggered by the war in Ukraine and Covid-induced supply disruptions probably isn’t over yet, with the next risk being inflation getting firmly entrenched in the economy.

That’s the assessment of the Monetary Authority of Singapore in its 2021-22 annual report released Tuesday, which sees inflation easing only next year as major central banks withdraw policy support and supply challenges are addressed. The outlook is subject to considerable uncertainty, it said.