Singaporean headline inflation likely to have remained benign in December – DBS bank
Source: FxWire Pro - Commentary / 22 Jan 2018 14:57:02 Eastern Standard Time
Singapore’s headline inflation and industrial production data for the month of December is set to be released this week. The consumer price inflation is expected to have remained benign at 0.5 percent year-on-year in December from November’s 0.6 percent, noted DBS Bank in a research report.
The sluggish inflation trajectory is possibly one of the main reasons why the Singaporean central bank is in no haste to return to an appreciation stance. In the meantime, the industrial production is expected to have shrunk 2.8 percent, which is not so much about softness in global demand but the impact of a high base in December 2016.
“We expect the external environment to remain conducive for export-dependent economies, but expect volatility ahead of the Chinese New Year”, added DBS Bank.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest© FxWire Pro 2018. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.