Here's what you need to know about Singapore's 4% Sinflation

Singapore dollar snubbed this news.

According to BBVA Research, sharply lower housing and transportation costs resulted in Singapore’s October inflation coming in below expectations (4.0% y/y, consensus: 4.5% y/y) after registering 4.7% y/y in September.

Here's more from BBVA Research:

The Singapore dollar largely ignored the news, ending the day broadly flat (+0.03%) at 1.225/USD. Today Singapore’s authorities also reaffirmed that inflation is expected to average around 4.5% in 2012 and between 3.5%-4.5% in 2013 (BBVA: 4.4% y/y and 3.4% y/y, respectively).

We believe inflation will grind lower for Singapore in the coming months largely due to high base effects as well as due to Singapore’s ongoing tight monetary policy – at its semi-annual policy meeting in October the Monetary Authority of Singapore decided to keep its appreciation trend in the Singapore dollar despite a slowing economy, in order to help stifle inflation.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3457-0.0002-0.02%
    USDSGD=X
    1.4957-0.0003-0.02%
    EURSGD=X
    2.0955-0.0004-0.02%
    GBPSGD=X
    91.3060+0.0616+0.07%
    SGDJPY=X
    5.7610+0.001+0.02%
    SGDHKD=X
    2.8150+0.0005+0.02%
    SGDMYR=X
    9,933.5156+1.8623+0.02%
    SGDIDR=X
    4.6120+0.0009+0.02%
    SGDCNY=X
    1.0116-0.0002-0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,167.80+4.30+0.37%
    GCQ15.CMX
    15.70+0.09+0.56%
    SIZ15.CMX
    62.65+1.28+2.08%
    ^XAU
    2.62-0.01-0.53%
    HGU15.CMX
    55.52-1.41-2.48%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65-0.06
    ^FVX
    2.39-0.02
    ^TNX
    3.190.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.156-0.009-5.45%
    5DN.SI
    0.300.000.00%
    5WA.SI
    0.189+0.001+0.53%
    5MC.SI
    0.865+0.015+1.76%
    N03.SI
    0.4150.0000.00%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.55+0.09+20.88%
    BAJ.SI
    0.515+0.075+17.05%
    AWV.SI
    0.215+0.031+16.85%
    AZR.SI
    0.22+0.03+15.79%
    AZT.SI
    0.54+0.06+12.50%
    AWZ.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.06-0.06-50.00%
    5TW.SI
    0.09-0.03-25.00%
    40R.SI
    0.31-0.09-22.50%
    AVW.SI
    0.10-0.02-15.25%
    5I1.SI
    0.33-0.05-13.16%
    5UL.SI