The Monetary Authority of Singapore half-yearly macroeconomic review released now:

  • MAS says policy easings so far this year will support economy, sees downside risks to growth
  • Says stronger policy easing in recent October review was "clearly unwarranted"
  • Sees economy growing at 2-2.5 pct this year, similar growth rate in 2016
  • Reiterates core inflation expected to pick up to 0.5-1.5 pct in 2016 from around 0.5 pct in 2015
  • Says CPI-all items could remain negative in H1 2016, but keeps -0.5 pct to +0.5 pct f'cast in 2016
  • Sees diminishing effects of lower oil prices, expects wage pressures to persist

Headlines via Reuters