Brunei's central bank confident of low inflation rate of two to three per cent for 2022

BANDAR SERI BEGAWAN, July 23 (Borneo Bulletin/ANN): Despite the global inflation forecast which is expected to remain elevated, combined with disruptions on global supply chains which are likely to persist in the near-term, the Brunei Darussalam Central Bank (BDCB) expects its impacts on the Sultanate’s overall inflation to be low given the tightening of Monetary Authority of Singapore’s (MAS) monetary policy thrice so far in the first seven months of the year.

BDCB’s inflation forecast for 2022 is expected to be in the range of two to three per cent.