Singapore Warns of Global Tightening Risk on Inflation Surprise
10/30/2023 11:58
Singapore’s central bank said a resurgence in global food and oil prices could mount pressure on monetary authorities globally to further tighten their policies.
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Singapore’s central bank said a resurgence in global food and oil prices could mount pressure on monetary authorities globally to further tighten their policies.
“There are nascent supply-side sources of fresh price pressures” as oil skirts close to $100 a barrel, the Monetary Authority of Singapore said in its biannual macroeconomic review published Monday.
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Singapore Warns of Global Rate Tightening on Inflation Risk