Singapore’s inflation remains less than four years with the decision of monetary policy

Singapore’s headline inflation was stable at 0.8% in June, at its lowest level in four years.

The figure of inflation was less than 0.9% expected by economists, and later comes ahead of the country’s monetary policy decision in July.

Core inflation, which removes private transport and housing prices, remained unchanged at 0.6%.

The figure of soft inflation clears the way to reduce its monetary policy to support development in an indefinite trade environment for the monetary authority of Singapore.

In its Recent annual report released on 15 JulySingapore’s monetary authority stated that core inflation “has been reduced by 1% in the first five months of this year, coming down to expectations below.”

“For the whole year of this year, the core inflation average is 0.5%-1.5%, below 2.8%in 2024,” said the mass.

MAS maintained its forecast of 0% -2% full -year GDP growth, despite the growth of GDP growth of 4.1% and 4.3% year respectively in the first and second quarter of the year.

Bank of America analysts stated in 16 July that the MAS seems more concerned about the impact on the domestic approach from the highly uncertain global development background.

“For 2H25, MAS hopes that domestic development will be ‘in control’, softened in the coming months with global consumption and investment, and the tariffs to export with domestic production and a gap,” analysts said.

Other experts also told CNBC in July Singapore’s economy may slow down as front-loading exports stop in the second half of the year.

Capital Economics Market Economist Shivan Tandon said, “Singapore’s export-oriented service sector will return and continue to struggle manufacturing activity.”

Singapore’s economy is very much dependent on exports. World Bank figures show that exports become 178.8% of the gross domestic product of city-state In 2024.

– This is breaking news, please see back for updates.