MAS also lowered its core inflation forecast to average 0.5 per cent to 1.5 per cent in 2025. -- PHOTO: ST FILE
SINGAPORE (The Straits Times/ANN): Singapore’s central bank reduced the pace of the local currency’s trade-weighted appreciation in its second such move in 2025, in response to easing inflation and rising risks to economic growth from US President Donald Trump’s tariff barrage.
Inflation has eased, with the Monetary Authority of Singapore (MAS) now expecting core inflation – which excludes private transport and accommodation costs to better represent household expenses – to average 0.5 per cent to 1.5 per cent in 2025, down from the 1 per cent to 2 per cent predicted in January.
