0126 GMT - The Singapore central bank is likely to begin easing policy in January 2025, by slightly reducing the slope of the S$ nominal effective exchange rate band, says Lloyd Chan, senior currency analyst at MUFG Bank, in a research report. "A key factor for our outlook is that Singapore's core inflation is likely to step down significantly to slightly below 2% yoy in Q4, if the current 3m/3m sequential pace of core inflation is maintained," Chan says. The "3m/3m core inflation momentum had slowed to just 0.2% in August," Chan says. Also, labor market tightness has been easing, which should help moderate wage growth and contain cost-push inflation, Chan adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 14, 2024 21:27 ET (01:27 GMT)
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