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NEW UPDATES Asean Affairs  23 July 2015  

Singapore inflation seen at lower end of forecast

SINGAPORE’S central bank said yesterday that headline and core inflation this year are likely to be at the lower end of its earlier forecasts, but it expects prices to pick up in 2016.

The risk of a further downgrade to the central bank’s inflation forecasts is low, Monetary Authority of Singapore (MAS) Managing Director Ravi Menon told a news conference.

“What is the risk of inflation coming in even lower, outside the forecast range? At this point I’d say the risk is low,” he said.

“Our baseline assumption is that in the fourth quarter we should start to see some increase at least in core inflation,” Menon added.

All-items consumer inflation has been negative, on an annual basis, every month between November and May. Headline inflation is likely to be negative for the rest of 2015, meaning consumer inflation is likely to come in at the lower half of the central bank’s forecast range of -0.5 per cent to 0.5 per cent this year, Menon said.

Core inflation is expected to be in the lower half of the 0.5 per cent to 1.5 per cent forecast range, he said. Menon said that Singapore’s current policy stance remains “appropriate” for ensuring medium-term price stability.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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