S'pore central bank sees rising prices, moderating growth

SINGAPORE: Singapore’s economic growth will moderate in the second half while prices will rise faster, the central bank said yesterday, while making clear it remained comfortable with its current monetary policy.

The Monetary Authority of Singapore said in its annual report that higher global commodity prices and rising domestic car prices would push up consumer prices in the remainder of the year, but inflation for the whole of 2010 should stay within the 2.5%-3.5% forecast range.