Singapore central bank sees price risks

FILE PHOTO: The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore. REUTERS/Edgar Su/File Photo

SINGAPORE: Global supply chain disruptions and upward pressure on wages could linger longer than anticipated, according to Singapore’s central bank, increasing inflationary pressures on the city-state as it continues growing at a faster-than-usual rate next year.

The Monetary Authority of Singapore (MAS) said in its twice-yearly macroeconomic outlook yesterday that rising imported and labour costs, as well as a pickup in domestic activity, will support a broad acceleration in inflation.