0835 GMT - The Monetary Authority of Singapore could ease policy further if downside risks to inflation persist, says OCBC's Selena Ling in a note. Core inflation hit a four-year low of 0.5% on year in March, which is likely music to policymakers' ears after the MAS eased policy twice this year, she writes. Given increased uncertainty in the external environment--such as U.S. reciprocal tariffs--inflation risks are tilted to the downside, she says. "The official rhetoric remains dovish, pointing to imported inflation staying moderate, especially for global crude oil prices and food commodity prices." OCBC maintains its forecast for Singapore's headline and core inflation to reach 1.2% in 2025. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 04:35 ET (08:35 GMT)
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