Kai-Tong Macro: Singaporean Monetary Authority's economic outlook supports monetary policy easing in October.
On July 26th, Grace Finance | Shivaan Tandon, emerging Asia economist at Capital Economics, said that the slightly moderate statement made by the Monetary Authority of Singapore (MAS) in its July meeting has given Capital Economics more confidence that MAS may relax its policy in October. Tandon said that MAS now appears to have eased its concerns about inflation, as it has made adjustments to its statements in July and April. He also said that MAS did not provide any important clues about its next steps, but seems more confident about the inflation outlook. In addition, MAS may lower the nominal effective exchange rate range for the Singapore dollar.
Express News | The Monetary Authority of Singapore maintains its monetary policy unchanged for the fifth consecutive time.
Hong Kong Inflation Modest in June
Express News | Dutch International: CPI cooling is not enough to prompt the Monetary Authority of Singapore to take action.
Hong Kong's Consumer Prices Rise 1.5% in June
In June, Hong Kong's composite CPI was up 1.5% year-on-year, higher than expected.
On July 22, Gelunhui reported that Hong Kong's June composite CPI increased by 1.5% on a yearly basis, exceeding the expected 1.20% and the previous value of 1.20%.