MAS sees Singapore’s disinflation as ‘well entrenched’, GDP recovery

Singapore’s disinflation trajectory is “well entrenched” and the economy’s recovery is expected to continue into 2025, the central bank said in its latest review, as it warned about growth and upside risks to prices.

Core inflation should reach around 2% by year-end, while near-term growth is stronger than expected, the Monetary Authority of Singapore said in its biennial macroeconomic review released on Monday. MAS core inflation is expected to average around the midpoint of the forecast range of 1.5-2.5% in 2025.