Singapore growth outlook uncertain, fight still on against inflation: central bank

Ravi

SINGAPORE (Reuters): Singapore's central bank warned on Wednesday (July 5) that the near-term growth outlook for one of Asia's top financial hubs "remains uncertain with downside risks" even as the effects of its monetary tightening cycle work towards cooling inflation.

In an annual review by the Monetary Authority of Singapore (MAS), chief Ravi Menon (pic) on Wednesday said Singapore's near-term growth would remain weak as prospects had dimmed but inflation should reduce by year-end, although he stressed the fight to contain it was not yet over.