Monetary Authority of Singapore says reviewing GDP forecast for 2015

Reuters headlines on the Monetary Authority of Singapore

• Singapore core inflation is expected to be in lower half of 0.5-1.5 pct range
• Singapore cpi-all items expected to be in lower half of -0.5 to +0.5 pct range
• Says first savings bond to be issued October 1
• MAS's Head Menon says Singapore current policy stance remains appropriate for ensuring medium-term price stability
• Mmenon says temporary factors keeping inflation muted, but underlying cost pressures persist
• Singapore not facing deflation™ as price declines neither persistent nor pervasive
• Headline inflation should pick up in 2016
• Low risk of another downward shift in inflation forecast
• Says reviewing GDP growth forecast for 2015

Comments from Ravi Menon, Managing Director, Monetary Authority of Singapore